30-40 points move expected in tomorrow's session: Ashwani Gujral

In a chat with ET Now,Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views on markets.



ET Now: What do you expect to happen in Friday and Monday’s session?

Ashwani Gujral: It appears that the momentum is dying out more than pecking up in either direction. Thankfully great rumours have not been floated in the market so it is getting to the point where it is very difficult to eke out trades in the market because the range is so narrow and everybody is playing it safe. So, the market moves are 30-40 points for, so from here you can easily decide to stand aside and wait for the results.

The markets will not close down post the results and the other thing is that sometimes people think if there is a good verdict they have missed the bus. No busses are ever missed, the chances are even after a good verdict you will have your 10% correction and that is where you re-enter and enjoy the rest of the bull market. So buying now you are exposing yourself to an adverse verdict, let the verdict be out and then we can see what to buy and when to buy it. For the moment this backing off is a better strategy.