One stock which has recently been hammered is HUL (Hind Unilever) the 'long term investors' stock'. Well it seems that it is taking support near a multi month low of Rs 220 and rebounding from there.
Traders may want to buy the stock at Rs 245 with a stoploss being placed at 232 for a upward move near to 265- 270. In fact a break above Rs 245 will also give a nice derivative trade !
Being a defensive stock , it can have a tendency to go againt the market direction.
Happy trading !
CA Rajiv D Khatlawala
www.investogyan.com
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