7,500 level remains under threat: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager at Ashwanigujral.com, shares his views on the Budget and the market. Excerpts:

ET Now: How do you analyse the move today and what would be the strategy on the index?

Ashwani Gujral: If it was a great budget, Nifty should be up 200 points. If it is not, then probably it is not as great as the market first thought it to be. The budget is over and we have not been able to cross 7680-7700. Right now, 7500 remains under threat. Some sort of budget related stocks like real estate or infrastructure may do well for a bit, but I do not think the budget has been able to turn the mood on the index. What you can do for the moment is get into something like PFC or REC, both of which have had fairly large moves today and have almost recovered their entire losses over the last couple of days.