Feb 18, 2013, 10.06 AM | Source: CNBC-TV18
Buy Hindustan Unilever (HUL), says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "Hindustan Unilever is giving the first sign that perhaps the worst is over for it. It is bottoming out, may not eventually work out and may go down if the Nifty goes further or in the next leg of the decline for the Nifty."
He further added, "However, at this point of time it is worth buying into because there is some kind of base, some kind of support levels that are visible on the charts. So, buying will come in stocks that we can anticipate now. I am just trying to visualise where sudden spurts can occur. Hindustan Unilever seems to be well suited for that."
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