See Nifty break above 6,320-6,330; buy dips: Sukhani

In an interview to CNBC-TV18 technical analyst, Sudarshan Sukhani of s2analytics.com shared his reading and outlook on the market.

Q: What is your first comment on what the index will do this morning considering it has been slow days for us?

A: I would assume that the index should eventually breakout above that 6,320-6,330 area where it has found a lot of resistance but today morning as the Asian market suggests and the SGX suggests, we could be a little subdued. However, the trade is still to buy a dip, it is not to go and short sell. So I am still assuming because individual chart pattern suggests significant breakouts are imminent. They may all fell, all of them collectively, that is possible but we still have to go with the flow which is that at some point this narrow 7-day trading range will break on the upside.