Top stock calls by Religare Broking: Sell July Futures of Tata Chem, BHEL

Here are the weekly stock recommendations by Religare Broking

Colgate Palmolive (India)
 

Recommendation: Buy 
 

Last Close:  Rs 1,164.45
 

Initiation range: Rs 1,155 - 1,165
 

Target: Rs 1,240
 

Stop loss: Rs 1,120
 

COLPAL looks all set for a rebound and resume its uptrend. It has been consolidating around the support zone of 100 EMA for the last two months and is trading on the verge of a breakout from the same. We advise initiating fresh longs as per the given levels. 

Tata Chemicals
 

Recommendation: Sell July Futures
 

Last Close: Rs 592.25
 

Initiation range: Rs 595 - 600
 

Target: Rs 560
 

Stop loss: Rs 615
 

The stock has been trading in the