Go short with the Bank Nifty: Ashwani Gujral, Ashwanigujral.com

Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his views on Bank Nifty.

ET Now: The Bank Nifty is looking distinctly weak, would you go ahead and open shorts?

Ashwani Gujral: Bank Nifty has now broken in 9937 low, which corresponds to 5170, so it seems that the Bank Nifty is trying to lead this decline. If I have to choose between going short with either of the index, I would go short with the Bank Nifty than with the Nifty, just as a comparative. But yes, if 5170 starts getting decisively broken, then obviously you have to push the short side.