Asian Paint has crucial Fibo 0.5 resistance at 1255. Can be shorted below 1255 for 1240-1230-1220. Also in case the share bounces from the resistance of 1255. Look to short around 1275.
Please consider the following reasons :
1. Trend Line
2. Bearish candle on Daily Chart
3. Double Top Formation
4. Poor market sentiment
sun pharma breaks its important trend line 1 around 540 levels, next support is around 500 levels. I hope it wont breaks this 500 level ..if ot breaks this important support level then worst is coming it may test 460 level