Sukhani told CNBC-TV18, “Hindustan Unilever (HUL) has rallied today and then now it is closing at its lows, that tell us that at least in the short term this rally is over and a fairly decent correction can be expected on the downside. So buy puts or consider selling futures with an appropriate stop loss around Rs 431-432.”
He further added, “Next week I will keep financials on my radar, the banks have to be kept on the radar because they have rallied a lot and there is also a big news event which will affect banks directly. So it’s Axis Bank , ICICI Bank and Bank of Baroda , Canara Bank , all four of them to be mixed, divided into two Axis Bank and ICICI Bank for buying and Bank of Baroda, Canara Bank for selling if the news is against them.”
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