Sudarshan Sukhani, s2analytics.com is of the view that one can sell Hindustan Unilever (HUL).
Sukhani told CNBC-TV18, "HUL is doing something quite the opposite of what ITC is doing. So while yesterday we were buying ITC and today also still a buy. HUL is just the opposite. It rallied when the market was falling, now it's almost ready to go for a deeper decline or a deeper correction."
He further added, "People also think this is a good idea, because it's also hedged against long positions. So HUL seems to be on its way down and probably lower levels are coming where I hope it will become a perfect buy again. But at this point you want to sell it."
"I see more upside in Cairn India . I see Cairn making new highs eventually. It did what is a classical correction, a three day correction in an ongoing bull market. It's completed its three day correction yesterday. It started a rally and today I expect it to certainly cross Rs 340 and start moving towards Rs 350 and eventually Rs 400."
"We have been talking about Cairn when it was sub Rs 300, okay go and buy it. Now it's a slow mover in the sense it's not a high beta stock, you don't get 30% returns. But I don't think we need that. It's giving steady returns and something that we can actually count upon."
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