Break below 8,250 on Nifty would put an end to upside momentum: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, talks about the levels Nifty may test in the coming days.
ET Now: What is you view on the market?

Ashwani Gujral: The market has been trading sideways. I do not think that Thursday’s fall has opened up doors for any big downside. For me, 8,250 on Nifty is very important because a breach of that would mean that the entire upside is over. As long as that level holds on, I would think that we are in a sideways market. For Friday, I will be watching Bank Nifty. The index is in a narrow range. What we want is to let it break on one side. Let us see if that can happen.