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 .