Ajay Srivastava, chief executive officer of Dimensions Consulting joins CNBC-TV18 to opine on the way forward for the market from the massive uptick it has witnessed during the week. He says that India is today unfortunately, one of the weakest economies and positioned weak against peers. "I will not take long positions and in fact, would look to go short and book profits if we cross the 5400 threshold," he says.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: How have you been reading this kind of global cheer and would you be selling into this rally or would you be buying?A: It is of course great amount of relief because after long time we are seeing something positive happening around the world. As far as India is concerned, are we going to buy big in the rally today, the answer is no. Possibility is, if the rally goes on to 5,400 plus, we will selloff. In fact, most of position that we carry today and maybe even go 100% to cash by 5500 because we don
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