Derivative market strategies: RIL, Tata Steel, Bhel

Check out the trading strategies for key stocks with Shshank Mehta, derivatives strategist, Shah Investor's Home.


Smartinvestor : The Sensex is hovering around the 20,000 levels since yesterday. Do you think the markets can sustain at these levels? How are the traders positioning themselves in the F&O segment?

Shshank Mehta : Sensex at 20,000 levels with corresponding Nifty Futures level above 6060 levels continue to hint at bulls remain in control resulting in bears covering short positions indicated by a fall in Nifty Futures Open Interest from 1.77 cr units to 1.55 cr units during the previous few trading session.

The next phase will be building of new long positions with higher Open Interest levels for markets to move up further. We believe 5990 may considered as the trading bottom in the current scenario, traders should create long positions at every dip with 5990 as stop loss level.

Any close below 5990 will make Nifty Future a SELL candidate and also mark a reversal in market.

Smartinvestor : Can you suggest a few stocks from the Nifty pack where one can take a long position?



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