Market is a sell on every rise: Ashu Madan, Religare Securities

In a chat with ET Now, Ashu Madan, COO, Religare Securities, shares his views on the market.

ET Now: The last two-three times that we spoke, you were negative. I am guessing you are still remaining negative on the markets.

Ashu Madan: We have corrected from 6000 plus levels to the levels of 5750-5800. But the lower end last month where we almost reached to a level of 5100-5200 should hold as a base and this time we will not be able to reach that level. The market is a sell at level 6000 and we will continue to remain sell. There would be couple of sectors here and there which can outperform or can lend some semblance to this fall but otherwise the market is still sell at every rise.