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Stock of the day : Hindustan Unilever Ltd For Target Rs. 78 - Religare Broking
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Hindustan Unilever Ltd
* We are seeing decent traction in FMCG pack and HINDUNILVR is trading in sync.
* It has been trading in defined range from over a year and rebounding higher after retesting the lower end of the range.
* It has retraced marginally to the support zone of 20 EMA, offering fresh buying opportunity.
* We thus recommend creating longs through the Call option.
BUY 2600 CE Hindustan Unilever Ltd CMP 56; Range 55-57; SL 46; Target 78
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SEBI Registration number is INZ000174330
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