Moneycontrol
Feb 04, 2016 12:08 PM IST | Source: CNBC-TV18

Sell Wipro, Hindustan Unilever: Simi Bhaumik

Simi Bhaumik of simibhaumik.com recommends selling Wipro and Hindustan Unilever.

Simi Bhaumik of simibhaumik.com told CNBC-TV18, "I have a sell call in Wipro with stop loss above Rs 561 and I was expecting a target of Rs 551-545 on the downside. However, one can maintain this short call unless it clears Rs 565 on the upside. It is likely to test lower levels once again."

"Any rally in Hindustan Unilever (HUL) towards Rs 835 may be used to go short in this stock with a stop above Rs 840-842. I think this stock is going to test Rs 820-810 range once again on the downside," she added.

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