Nifty

Nifty has breached resistance at 7800 and created new high . If it sustains above 7800 then there are greater chances that it will reach 8000 -8200 in medium term . Reversal will be closing below 7800 on weekly basis . 

LT

After breaching resistance at 1475 LT made a high of 1770 . Now as you can see in the above chart 1475 which was acting as resistance is acting as support . As long as LT stays above this level Trend will be up .

Nifty trading in a range

Nifty is likely to trade between 7800 to 7400 from some time . If it closes below 7400 then expected tgt is 7000 . On the other hand above 7800 it can reach 8200. Chances of downtrend is high as RSI is showing signs of divergence . 

Asian Paints

Asian paints is trading within a ascending channel from some time . Now it has reached resistance level . Medium term traders should book partial profit and wait for breakout .