Can't take more than 200 points view on the Nifty: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, gives his views on the market


What is your view on the index at 6250 and also your stock specific trades for this afternoon?

The Nifty Junior is down and even small caps are also not doing so well. Large caps are doing well. Sometimes small caps do well and at other times large caps do well. Banking is beginning to participate a bit. That is leading to some strength may be 80 to 100 points more to around 6350. I do not think you can take more than a 150-200 point view. The stronger groups on all sorts of correction should be bought. Try to keep away from the weaker groups where you have trading rallies. That is the trading strategy you have to follow. SBI, Kotak Mahindra have been beaten up. When that happens to a quality stock generally that is about the bottom because that is where larger players come into buy.