Market is currently seeing profit, consolidation phase will start soon: Sunil Shah

Market Expert, Sunil Shah shed light on current trends while talking to ANI.

Shah said, "Yesterday what we saw that the sensex came down by 400 points which means that there are some kinds of profit going on in the market.

If you see the lows of March, there we have come up by almost 25-30%.

Especially, in last few days we have seen some 8-10% gains in the market.

So, there were expectations of profits taking which happened yesterday.

Today also, it is up by 90 points.

I am expecting the market to be range about for the next few days because it has come up sharply and around these levels the consolidation phase will start."