Moneycontrol
Last Updated : Jan 12, 2018 10:15 AM IST | Source: CNBC-TV18

Buy HUL, HDFC Bank, Arvind: Chandan Taparia

According to Chandan Taparia of Motilal Oswal Securities, one may buy Hindustan Unilever, HDFC Bank, and Arvind.

CNBC TV18 @moneycontrolcom

Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "First is buy on HDFC Bank, after the consolidation of couple of trading session this stock is at the verge of breakout and could start the next leg of rally. So, recommending to buy with a stoploss of Rs 1,850 for an upside target towards Rs 1,919."

He further added, "Second trade is buy on Arvind. This stock has seen significant built up of long positions in last couple of trading sessions. It is trading at higher levels and the momentum is visible. This momentum could take it towards Rs 490, so one can buy with a stoploss of Rs 462."

"Last trade is buy on Hindustan Unilever (HUL). Recently, the stock has taken support at the previous resistances zone, so classical examples of resistance turning at the support level. Yesterday it formed a positive price pattern, Put writing is visible. Here also we are expecting the fresh up move which could drive the Nifty on the higher side. So one can buy with a stoploss of Rs 1,358 for an upside target towards Rs 1,425."
First Published on Jan 12, 2018 09:46 am
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