Global market cues, meanwhile, are mixed with the US markets closing near highs as investors cheered corporate earnings reports.
Yesterday, the market did not have a choppy trade session, but today, the situation looks worrisome, indicated Sudarshan Sukhani of Technical Trends. If 5,200 levels breaks and the Nifty finds support even lower, there is a buying opportunity. If the market rallies, then an intraday short sell is possible, he added.