Banking stocks may push Nifty to new highs: Ashwani Gujral

In a Chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views on markets and foreign flows.



ET Now: What are your views on markets?

Ashwani Gujral: There were some sectors in the red, but there were enough stocks in the black to justify the up move on Monday.

Some of the indices including CNX MNC, CNX pharma, CNX infra, CNX commodity and Bank Nifty witnessed more than 2 per cent gains. Till the Bank Nifty is strong, chances are higher that we should enter into a new territory.

Whenever that comes in, because this time we are going there with consolidation, chances are higher than we could breach that and the next 500 points in the index could possibly see more flows coming in. So, overall remain long and the rally has just about to start.