Buy HUL on dips: CK Narayan, Growth Avenues Asset Advisors

CK Narayan, Growth Avenues Asset Advisors, in a chat with ET Now, gives his call on HUL


What is the call on HUL?

HUL as a whole remains in a bullish orbit as far as immediate term is concerned. So I would wait for some pullback say about 325 levels. Below Rs 340, day traders should look at some more decline. So that is the stop loss I would have if I am holding it long for the day or as a short term trade and the real buying point in the immediate term would be if it sinks down to somewhere around 325. You could look to buy it again. This is a stock which is in an overall uptrend. So all the large dips in the stock should be used to buy.