Three bank shares that you can buy ahead of policy

Check out the strategies of Ranak Merchant, Sushil Financial Services, Technical Analyst – Strategies.

SmartInvestor: The markets have nudged higher ahead of Fed meet and RBI's Monetary Policy. Do you see the trend continuing or should one use the upside to exit?

Ranak Merchant: Last weeks correction led Nifty to close just above a crucial support zone of 6130-6140 which was held in yesterdays sell off. As long as this support zone is held on a closing basis, a short term bounce thereof is likely.

Ranak Merchant: Traders would be advised to maintain a stop loss of 6130 (2 day closing stop loss) for long positions and book part profits in rallies ahead of the aforesaid events, if any.
 

SmartInvestor: What is your advice for investors to trade in Nifty?

Click here for full transcript