Sudarshan Sukhani has given his views on Nifty and has gone in detail about executing the strategy in Nifty and his opinion is as appended below:,
The idea was to get out of the long positions that we had taken yesterday and I had said don’t wait just get out. There are two ways of entering a Nifty trade. The first is to understand that the trade is still on the long side. We need to buy the Nifty because we are in a short-term uptrend. So, the better trade is for the Nifty to slide down, go for a dip towards 4,720 or close by thereabouts of that area then a long trade can be taken because I assume Nifty will make at least one more attempt to go towards 4,800, it may succeed or not. So, there is some money to be made if the Nifty again moves towards 4,800 and we buy at 4,720 or in that area. There is a gap there that can be profitable. The second trade is for the Nifty not to come down at all, suddenly to reverse direction and cross 4,800. If that occurs then a breakout buying is possible. Within these two levels, I don’t think there is a Nifty trade.
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