Stock of the day : Asian Paints Ltd For Target Rs. 80 - Religare Broking Ltd
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Asian Paints Ltd
* Asian Paints has been in a corrective phase from last more than 3 months.
* Its has witnessed a fresh breakdowm from consolidation range suggests bearish to continue.
* The stock is trading below its key moving averages indicates weakness in trend.
* We thus recommend creating shorts through the Put option.
Buy Asian Paints Ltd CMP 39.00; Range 38-40 SL 19 ; Target 80
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SEBI Registration number is INZ000174330
