Stock in News
Asian Paint has been doing tremendously well by virtue of its quality advertisement campaign coupled with its aggressive methodology of reaching out to the users. Moreover we have seen that whenever companies goes for logo change it shows that company is a forward looking and in most of the cases have performed well in few forthcoming quarters after the logo change and same is also applicable for Asian Paints. We are bullish on this stock and one can add this stock for long term as and when market crashes or can buy this stock in tranches to get the benefit of on-going boom in housing sector.
Just keep an eye on news like strike in any particular company and at time one can short the stock to get some quick gains and moment the strike is called off one can get into the shares as a short term upsurge will be seen. This we have seen classically in case of Maruti Manesar strike case and now in the case of M&M strike being called on Thursday evening and we saw a good up move on Friday closing price.
Nifty Support & Resistance
Jackpot Sure Shot Tip Profit
|Tip||1420 (Rs 50,000 Trading)|
|NSE Nifty 50 Stocks||Made Money (Rs)|
HCL Tech, TCS, Tech M, Wipro, Hexaware, Asian Paint, Apollo Tyres, DLF, MRF & Sun Pharma.
Weak future stocks at NSE
Welcorp, NHPC, IVRCL Infra, Finan Tech, Opto Circuits, Pantaloon R, JP Power, Unitech, Sail & Rel Infra.