ASIAN PAINTS för NSE:ASIANPAINT av supertraderdeva1

Here , We can see on the chart,Asian Paints is making Lower lows and highs,so it is in downward trend on Daily chart(a correction),also it is somewhat in corrective mood only in weekly chart.But it is a t its support of 1330 level from which i expect it to bounce somewhat,then we can think of selling calls above 1480 and as per IV situation.Currently IV of all major stocks of Indian Market are very high due to election uncertainty.So i recommend to wait until it gets bounce back and then we will think of selling calls.

HAPPY TRADING.

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