It's a seller's market; Nifty may go down to 5200: Sukhani

Sudarshan Sukhani of s2analytics.com spoke to CNBC-TV18 about how to approach the market now and comments on specific stocks. Check it out.

Below is the edited transcript of his interview. Also watch the accompanying video. Q: We are probably expecting another volatile patch this week. How best should one approach it on the index?
A: The markets will do what they do, but I am looking to sell into this market and I have already built some small bearish positions on Friday. My sense is that we have tried to rally and that rally has not succeeded. We have an event tomorrow but the exit poll tells us that this event, even if there is a knee-jerk reaction on the upside, will lead the market towards the lower end. 5,200 is the first level I am expecting the Nifty to go down to, even if we see tomorrow or day after. So the positioning is that there is very limited upside as of now.
Then we ask ourselves the question, will it hold, and there is a question that I have been asked many times over the weekend that in 2009, just before the election results, I had suggested buys and those calls multiplied by ten times. So people are asking what is the trade before this election, and my sense is there is no trade