Buy Hindustan Unilever on dips, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, “Hindustan Unilever (HUL), I would continue to be a buyer on dips. I have explained earlier and I am repeating it again that between the two FMCG majors, HUL and ITC, HUL charts are much better and I have earlier said that eventually HUL should touch four digits that’s Rs 1,000. So clearly here is a stock you want to buy whenever you can.”
He further added, “This market is likely to remain choppy as we have seen today. So the idea is really to have one view. That view is that if there is a significant correction or dip intraday then we will go and buy it and then try to get out after some gain of 30-40-50 points whatever. Beyond that I don’t see much happening in this market till next week. So unnecessary trading should be avoided. I have explained that cement stocks are giving some colorful charts patterns so apart from the three majors that I suggested for today it is possible to go long in India Cement. Get out tomorrow if you get a gain. If you don’t get a gain get out anyway.”