Technical analyst Sudarshan Sukhani of s2analytics.com expects Nifty to slip below 5,100 levels today. However, he hopes that long positions taken yesterday would be maintained since Nifty has a strong support at 5,100 level.
It was completely listless trade on Wednesday as Nifty remained in a narrow range due to lack of global and local cues. It gained 10.25 points to end 5,128.20.
"At this point, having a short position especially at a strong support level is not something I am keen at. I am maintaining small volumes in my long positions," he elaborated.
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