See Nifty at 5000 by 2013 end; time to short: Sukhani

In an interview to CNBC-TV18, Sudarshan Sukhani, s2analytics.com shared his reading and outlook on market and specific stocks.

Mkt to see more downside; shift to fixed income: Religare

Below is the verbatim transcript of Sukhani's interview with CNBC-TV18.

Q: How you would approach trade this morning on the index?

A: Yesterday morning we said to go short and that was 5,710. That trade is working out. We should continue with it. This is not a day trading environment. We are developing a positional short using July series of Options and that trade is not going to be disturbed.

For the day I would still be a seller. The market is way down for us to imagine going long or trying to scalp on the long side, it is not a good idea. So, there will be consolidations, there will be trading ranges, rallies but the view is to sell into these trends, sell into the breakdowns. I do not think this market is giving any signs that we want to buy it now.

We talked earlier that an eventual target is 5,500. As the market develops new patterns, new charts it now appears that 5,500 is the last holding area and 5,500-5,550 area once it gives way takes us below 5,000. By the time 2013 ends we are going to be there.

This news has just come in and complete details will follow shortly. We can send you an email alert when the details come. Register for your alert here.

Anda sedang membaca artikel tentang

See Nifty at 5000 by 2013 end; time to short: Sukhani

Dengan url

https://segarsaries.blogspot.com/2013/06/see-nifty-at-5000-by-2013-end-time-to.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

See Nifty at 5000 by 2013 end; time to short: Sukhani

namun jangan lupa untuk meletakkan link

See Nifty at 5000 by 2013 end; time to short: Sukhani

sebagai sumbernya