Must Read: Three Nifty stocks that you can buy and hold

Check out the strategies with Shshank Mehta, derivatives strategist, Shah Investor's Home

The markets have been trading with a negative bias ahead of the derivative expiry for the September series tomorrow. Here are a few stocks that you can buy now and hold for a month.


Smartinvestor : The markets have opened lower in trade today tracking weak global cues and ahead of the F&O expiry for the September series tomorrow. What are the key trends that you are tracking right now?

Shshank Mehta : Currently, Nifty Futures is trading sub-5700 levels; we believe Nifty has very strong support at around 5620-30 levels. Also, the short that were created in the system may roll their positions in the next Series and will come to cover their positions pushing Nifty up from current levels.

We do not recommend SELL at any level in NIFTY. The other key trend that we are tracking is outperformance in BANK NIFTY which is a positive and aid the broader momentum in other front-line counters.

Smartinvestor : SpiceJet and Pantaloon Retail have gained ground in trade today. What is the outlook for these two?

Shshank Mehta : We adivse traders holding any long positions to book profits on every rise in these counters as SPICEJET and PANTLOONR have rallied on the FDI news; however, Open Interest is decreasing in PANTALOONR indicating long unwinding we do not advise traders to BUY these counters at this juncture.

Smartinvestor : Can you suggest three stocks that can be bought at the current levels keeping the expiry for the next (October) series in mind?


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