Sudarshan Sukhani of S2 Analytics says that it is a good time to exit long positions but not an adequate one to go short.
The Nifty has seen sharp cut today. Unperturbed by the fall, Sudarshan Sukhani of technicaltrends.com says, it’s just one of the consolidation days. “After a 200-point rally, the markets were expected to consolidate and become choppy. The trade still is to buy on dips.”