EquityPandit’s Outlook for Hindustan Unilever for the week (July 11, 2016 – July 15, 2016):

HINDUSTAN UNILEVER:

HIND Unilever closed the week on positive note gaining around 2.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 900 to 910 where the stock has made a medium term top in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 940 to 950 from where the stock has sold off in the month of August – 2015. During the week the stock manages to hit a high of 926 and close the week around the levels of 921.

Minor support for the stock lies in the zone of 900 to 910 where the stock has made a medium term top in the month of April – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 875 to 880 where short term moving averages are lying.

Resistance for the stock lies in the zone of 940 to 950 from where the stock has sold off in the month of August – 2015.

Broad range for the stock in coming week is seen between 880 to 890 on downside and 950 to 960 on upside.