Trading Idea: Is HUL a worthy BUY now?

Hindustan Unilever (HUL) has rallied 4% to Rs 622 after its parent company Unilever said it has acquired 14.8% stake against target of 22.5% in Indian unit on closing of open offer.

So should you BUY Hindustan Unilever at these levels?

Check out the trading strategies with Mohit Gaba, independent analyst and trader for banks and select frontliners.

Smartinvestor : Markets have firmed up in trades today. What is the crucial resistance and support level do you see for Nifty?

Mohit Gaba : we have been in a range of 5750 - 5905 for the last 6 session, gaping higher and lower every other day, the resistance on the upside is 5900 - 5905 and the support is it 5750 - 5770 zones.

Smartinvestor : HUL has surged significantly since the open offer announcement. What is your call here?


Click here for complete transcript...