See no intraday trade today, be on long side: Sukhani

After big rallies, the market is now consolidating, so traders should be positioned on the long side of the market, recommends technical analyst Sudarshan Sukhani, s2analytics.com.

In an interview to CNBC-TV18, he said that there will be no intraday trade today; the market would showcase choppiness for something that could happen tomorrow morning. Also Read: Elections results to have short-term impact on mkt, says IIFL He further added that there are a variety of ways in which one can go long, but one should take a position for the next few days. “Buy Nifty futures or even safer buy 6,300 Calls, sell 6,000 Puts. If the market doesn’t oblige the stop loss then we get out, we don’t wait anymore,” he said. He also shared his stock picks for the day.