Bank Nifty likely to lead the next rally: Ashwani Gujral

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

ET Now: How are you approaching trade and the key indices including the Bank Nifty?

Ashwani Gujral: There is a good chance that the market has bottomed out. If we build a portfolio today and go through tomorrow, I do not think there should be much of a problem. It appears that Bank Nifty is likely to lead the next rally because that is clearly outperforming. Overall the market looks good and it is well corrected. Chances are that an average budget will not hurt it too much.