Investors can look at shorting index at around 6,100 levels: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on the market outlook. Excerpt:

Mitesh Thacker: There is not much development on the index. It is clearly a dull market which is not showing strength; the counter-trend strength is not there, which means that typically, it will break on the downside. Also, the short and the medium term charts remain pointing on the downside.

Hence, on the higher levels around 6,100, people should still look at taking some kind of short position on the Nifty.