8300-8400 levels on Nifty to be worst case scenario post Budget 2015: Ashwani Gujral

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

ET Now: How would you summarise the day’s trade, what is the outlook ahead?

Ashwani Gujral: Till the budget nothing is going to happen, every day we will get whiplashed left and right. Certain stocks will always do well but I do not think any large money is entering the market while this gives it a nice time to consolidate.

So, maybe it is not going in with great expectations and the worst case scenario even post the budget could be 8300-8400 types, so I do not think much is going to happen. There is no point trying to buy or sell on the indices but may be catch hold of a couple of good stocks on a daily basis and try to ride those individual moves.