Go long in Hindustan Unilever, UltraTech Cement, Power Grid: Yogesh Mehta

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "We are looking at Hindustan Unilever (HUL) as a buy long call. Currently it is quoting at Rs 1,130, Rs 1,123 was the previous lifetime high which it has crossed. Now we are looking at Rs 1,165-1,170 as a price target, keeping Rs 1,115-1,116 as a stop loss."

"Another one is UltraTech Cement where Rs 4,120 is a breakout level and right now it is quoting at Rs 4,155-4,160 in futures segment. One can look at going long on this position keeping Rs 4,120 as a stop loss and looking at a price target of Rs 4,230-4,240 levels," he added.

"The other one which we are looking at on the long side is Power Grid. It has been out of the consolidation zone of Rs 213-206. So, today it is Rs 214 around and one can go long in this, keeping a target of Rs 222-224 and stop loss would be Rs 210," he said.