HUL can touch Rs 480-485: Kulkarni

Shardul Kulkarni, Angel Broking is of the view that HUL can touch Rs 480-485. One can buy MCX India at current level.

Kulkarni told CNBC-TV18, “I would look at two stocks, one is Hindustan Unilever Ltd (HUL). We have been recommending that since Rs 445 and we are still hoping that the stock can move higher even from current levels. Rs 480-485 is the target that I am looking out for HUL.”
Second one is wherein your risk is too very minimal and your potential is quite high is MCX wherein you are seeing that the momentum oscillators have clearly indicated that there is nothing left in the stock and going forward there is a possibility of strong bounce from the current levels. So, I would look at buying into MCX with today’s low as a stop loss, which is just about Rs 20 from the current market price. You look at a potential pullback towards the 20-day moving average which is a good Rs 200 away from current levels. So, you have a very strong risk-to-reward ratio and I would recommend buying into MCX at current levels.