The latest analysis and commentary by stock market guru Rahul Shah of Motilal Oswal on what is moving the markets today.
He also spoke at length on Reliance Industries, Indiabulls Housing Finance and Hindustan Unilever (HUL).
Talking about stock picks, Rahul Shah said, “My top pick from the entire consumer basket is Hindustan Unilever (HUL) so buy HUL with a stop loss of Rs 1,800 target of Rs 1,860 go long on HUL. Second buy is Reliance Industries, we saw good long build up in Reliance as well on Friday and last entire week we saw stock trading above Rs 1,200 or odd levels so near support for stock is Rs 1,200 but the risk reward with a small stop loss could be rewardable from current levels. I would go long with a Reliance with a stop loss of Rs 1,245 and target of Rs 1,290.”
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