Asian Paints - Painting a Bullish Picture - 6/14/2016

After almost a year and half consolidating below 900, there is a huge break out. If you are late to the party then there is no need to rush because chasing hardly helps. Two support levels of interest are 950 and 900. 950 being a minor support and 900 a big one. Currently we are selling the calls against the position ( Covered Call Strategy ) but during the pullbacks to these levels we will be looking to trade it from buy side.