The Sensex is hovering around 19,000 and is currently trading at 19,037, down 242 points from the previous close. Nifty is at 5700, down 80 points. The BSE Midcap and Smallcap indices are also in the negative terrain. Capital goods, banking, metals and oil & gas stocks are witnessing significant selling pressure.

The decline should stop around 5600 on the Nifty, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. So go long with 100-120 points stoploss, he suggests. This is a good place to go long, he adds.