HINDUNILVR - chart - 701552
HUL
The only sector during this fearful environment looks and will bring profits is FMCG sector.
However, one can consider taking long position on HUL if the price is sustaining above 2209.25 on 5min charts as well as hourly charts for target of 2224.60 followed by 2247.25 (imp level), 2268.25, and 2304.
Further, traders can consider taking short position on HUL if the price is sustaining below 2127.50 on 5min charts for target of 2116.45 (strong support) followed by 2085.75 and 2058.95.
If anyone ready to take risky short position on HUL then can consider to short HUL at 2139.75 for the target of 2130.75 followed by 2116.55. It would be prudent to keep booking at target levels.
p.s. –. Trading in current markets is very risky due to uncertainty and volatility in the market but will trade as per my given levels only. Please trade as per your comfort and risk. These levels have derived by analyzing Options data and spot price movement.