FMCG major Hindustan Unilever is the second biggest gainer among top 10 Sensex companies of BSE last week, as its market value surged Rs 18,419 crore to Rs 1,48,431 crore.
The stock is trading higher by 0.4 per cent to Rs 689.45 at this hour. So what is the right strategy to trade HUL?
Check out the trading strategy for HUL and other frontline stocks with Anil Manghnani, Chairman, Modern Shares & Stock Brokers.
Smartinvestor : RIL is down over 1 per cent despite inline quarterly numbers. What is your call on this counter?
Anil Manghnani : it has been an outperformer in the past month, so i would expect it to find support in any fall...however if u r a day trader then stop is 897 but if a positional trade then 877.
Smartinvestor : Financial Technologies (India) has dipped 4%, extending its over 17% fall in past five trading sessions. Is there more downside in the offing for this counter?
Anil Manghnani : Overall very weak but an important trend line at 585...needs to hold or else can slip to 551.
Smartinvestor : What are you telling your clients to do on Hindustan Unilever after the last week’s surge?
Click here for the complete transcript...
