Go long on Nifty today, says Sukhani

Technical analyst Sudarshan Sukhani of s2analytics.com advises intraday traders to go long on the Nifty today. “I would have been fairly upbeat, except for the fact that this is options expiry and expiry day can do so many different things. There are other dynamics in play. But the view is that if you see a sharp dip, if you see a breakout from the morning range, try to go long for the day. That is what the markets are suggesting. This doesn’t change the mildly bearish outlook for the intermediate term but we take one day at a time.”