EquityPandit’s Outlook for Hindustan Unilever for the week (May 4, 2020 – May 8, 2020):

HINDUSTAN UNILEVER:

HINDUNILVR (HUL) is one of the best performing stock in the COVID-19 selloff. When all over the world we have seen selling. The smart money shifted to the safe heaven FMCG counter and Fund house bet on HINDUSTAN UNILEVER. We are bullish on the counter for the long term.

As far as levels for the next week is concern, we may see buying in the counter once closes above 2310 levels, till it closes above 2310 levels one should not take any long position. If Stock sustains below 2120 we may see selling in the counter and shorts may get activated.