Asian Paint's relative strength in comparison to Nifty is poor. While Nifty has crossed above its Dec high, Asian paint has only retraced it. The stock is poor and is not worth investing in, especially when Nifty is going to fall from Tuesday onwards.
Even when Nifty will complete its downward Timewave, this stock is not worth investing in as it will...
BankNifty follows the same time cycles of that of Nifty. BankNifty for past couple of days had been underperforming Nifty and is a perfect shorting candidate.
However do not be in a hurry, short it on Tuesday, 10th Jan, once I confirm Nifty has completed its current running Timewave.