TECHNICAL ANALYSIS OF ASIANPAINT FUTURE

The stock is showing correction since past few sessions and also sustaining above lower trend line support level. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 803.Breakout of its resistance level may show recovery in it where traders can expect targets of 830 and 850 while major support of 710 can be placed as technical stop loss.

MOVING AVERAGE OF ASIAN PAINTS LTD

Current Share Price	766.75
Twenty Two Days	777.62
Fifty Days	803.00
Hundred Days	806.36
Two Hundred Days	733.64

FUTURE:

INTRADAY TARGET: BUY ASIANPAINT ABOVE 780 TGT 795 SL 765

POSITIONAL TARGET: BUY ASIANPAINT ABOVE 803 TGT 830/850

WEEKLY SUPPORT LEVELS: 748,728,673,618

WEEKLY RESISTANCE LEVELS:803,838,893,948

PROFIT SUMMARY FOR 19 MAY 2015

The Sensex is up 172 points or 0.6 percent at 27859  and the Nifty is up 50 points or 0.6 percent at 8436 and Sensex ended in red, Nifty at 8,359 Sensex turned choppy after falling a little over 100 points in intraday trade. The broader 50-share Nifty reclaimed 8400 for the first time since April 24 in intraday trade. ; Tata Motors, Axis, HUL, HDFC, ONGC, are major losers in the maket. Among the gainers are Vedanta, Hero Motocorp, Dr Reddy's Labs and Wipro,ultratechcement,bhel,infosys. About 1381 shares have advanced, 1215 shares declined, and 176 shares are unchanged.

TODAY RESULT

Colgate Palmolive (India) is fall by 0.3% and  has registered 23.7 percent jump in its fourth quarter net profit to Rs 163 crore against Rs 132 crore, in the same quarter last fiscal. The company’s revenue was up 11 percent at Rs 1028 crore versus Rs 927 crore.

Top Gainers
ULTRATECHCEMENT (2.5%),VEDANTA (2%), HERO MOTO (2%), DR REDDY'S (0.5%), BHEL (0.2%), INFOSYS (1.5%),WIPRO(1.5%)
Top Losers
TATA MOTORS (-2.%), ONGC (-1.3%), HDFC (-1.9%), HUL (-0.6%), AXIS BANK (-1.07%) ,CAIRN INDIA(-1.2)