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Sell Hindustan Unilever FUTS For Target Rs.2040 - Religare Broking
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Derivative Ideas
HINDUNILVR shed 1.7% and closed at 2110 on 17th June. Of late the stock had been trading in a range. Now fresh breakdown is seen with the violation of trend line support at 2150 levels that too with incremental volumes and significant rise in OI suggesting Fresh Shorts in HUL FUTS. The chart indicators also point it sliding down further. We thus suggest creating Shorts as per the given levels.
Strategy:- SELL HINDUNILVR FUTS @ 2120-2130, STOPLOSS 2170, TARGET 2040.
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