Sell Asian Paints on rally
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Asian Paints is definitely oversold, but what is different Friday was to close below the 200-day average on an intraday basis, so my sense is that the stock could possibly see some more correction and we might not see the stock get past Rs 1,000, so rallies to about Rs 1,000 should be used to sell into the stock and I would look at lower levels of around Rs 920 being visited over here."
Asian Paints is definitely oversold, but what is different Friday was to close below the 200-day average on an intraday basis, so my sense is that the stock could possibly see some more correction and we might not see the stock get past Rs 1,000, so rallies to about Rs 1,000 should be used to sell into the stock and I would look at lower levels of around Rs 920 being visited over here." 
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