Weekly stock recommendations by Ajit Mishra: Buy HCL Tech, HUL

HCL Technologies 

Recommendation: Buy 
 

Last Close: Rs 1,007.25
 

Initiation range: Rs 990-1,000
 

Target: Rs 1060
 

Stop loss: Rs 965

The IT pack is doing well despite the prevailing consolidation phase in the benchmark and most IT majors are trading in tandem with the trend. Among all, HCL Tech has surpassed the hurdle of the previous swing high of late and is gradually inching towards its record high. We suggest using any dip to create fresh longs in the mentioned zone. 

Hindustan Unilever 

Recommendation: Buy 
 

Last Close: Rs 2,244.05
 

Initiation range: Rs 2,230-2,240
 

Target: Rs 2,325
 

Stop loss: Rs 2,190

We’re seeing a rebound in the