Buy Asian Paint 2700 PE For Target Rs.60 - Religare Broking
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Asian Paint Ltd
* ASIANPAINT has been gradually drifting lower for past five months, after retesting its record high.
* The decline in the passing week has engulfed the recent gains. Indications are pointing towards the resumption of a declining trend.
* The existence of the hurdle of multiple moving averages is added negative.
* We thus suggest creating fresh short positions through the Put option.
Buy ASIANPAINT 2700 PE CMP 39.75; Range 32-36; SL 18; Target 60
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