TECHNICAL ANALYSIS OF ASIANPAINT

YESTERDAY UPL IS ON FIREEEEEEE !!!!!!!!!!!!!!!!!!!!!
IN BULLISH MOMENTUM : UPL HIT FIRST TGT 482 MADE HIGH OF 483.30
THEN BEARS COMES IN ACTION AND ALMOST HIT FINAL TGT 462 & MADE LOW OF 463.30

FUTURE :

“BULLISH ASIANPAINT ABOVE 833 TGT  837/842”

“BEARISH ASIANPAINT BELOW 830 TGT 826/822”

DAILY CHAT FOR ASIANPAINT

DAILY& WEEKLY SUPPORT AND RESISTANCE FOR ASIANPAINT

ASIANPAINT  levels generated based on 2015-10-30 data for the next trading day.

Daily	R4	R3	R2	R1	BULL	LOC	BEAR	S1	S2	S3	S4
Level	889	867	853	845	836	826	817	808	800	786	764

ASIANPAINT  Weekly levels generated for the week starting from 2015-10-26

Weekly	R4	R3	R2	R1	REV	BULL	LOC	BEAR	REV	S1	S2	S3	S4
Levels	956	935	900	879	852	844	837	830	822	796	774	753	739

MARKET SUMMARY FOR  30 OCTOBER 2015

Dragged by weak corporate earnings, the market is sliding further. The Sensex is down 56 points at 26781 and the Nifty slips 6.25 points at 8105. The October series ended on a weak note as Nifty future breached the 8130 support but the last citadel of bulls, the 8100-8090 region is still holding and once this level too is taken out, fresh offloading is likely as the bears will tighten their grip. If, however, this level holds some recovery is likely and Nifty future must initially sustain decisively above 8130 and then take out the 8200 level decisively for any semblance of bullishness at this stage.

Top Gainers                                                                           

Company	Price	% Gain
NTPC	134.20	4.88
Hindalco	85.95	3.24
Yes Bank	761.00	2.34
Kotak Mahindra	679.00	2.26
Grasim	3,747.80	2.06