Market correcting; short on weakness: Sukhani

Technical analyst Sudarshan Sukhani advises traders to short and cover up at any signs of weakness in the market. In case the downtrend exhausts itself then one can look for buying opportunities.   

"We are in some kind of a correction and a correction is a counter trend movement in an ongoing bull market. So corrections are not easy to trade. For today, the suggestion is that if the market shows some kind of weakness then a day trade on the short side is justified but the bigger trade will always come when you buy these dips because eventually this counter trend movement will end and the uptrend will resume," he told CNBC-TV18 in an interview.