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Buy and sell calls by Religare Securities for Tuesday's trade

Buy Colgate Palmolive, sell Bank of India, Bajaj Auto, says Religare Securities

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Religare Securities Mumbai
Few trading ideas by Religare Securities for Tuesday's trade:

Colgate Palmolive (India) Limited (COLPAL) 

Rec: BUY 
Last Close: Rs 1080.45
Initiation range: Rs 1060-1070
Target: Rs 1120
Stoploss: Rs 1040

COLPAL has retraced marginal from its record high and found support near to medium term moving average on daily chart. Also, it has formed a fresh buying pivot and looks all set for fresh surge ahead. Traders are advised to initiate fresh longs in the given range.

Bank of India (BANKINDIA) 

Rec: SELL AUG FUTS
Last Close: Rs 138.90
Initiation range: Rs 142-144
Target: Rs 126
Stop loss: Rs 150

In line with other PSU banking counters, BANKINDIA has been trading under pressure and

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