Budget 2012-13: Market has given a dip which should be enetered into: Ashwani Gujral

Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his reaction to the Union Budget 2012. Exerpts:-


The market not really giving it a thumbs up quite to the contrary actually what does trade hold in store for Monday you think?

It is said that the budget will create a dip which should be used as a buying opportunity. From here you should hope that global trends take over and the benign liquidity condition helps the market move higher so from a risk reward perspective the market has really given you a dip which should be entered into and look for higher targets. Now from where exactly it will turn that is difficult to say but basically two big down days clearly from a short term perspective create a decent risk reward for the upside.