Greek issue unlikely to weigh heavily on markets; keep long positions intact: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, talks about whether the market is headed towards.

ET Now: How would you be approaching the trade?

Ashwani Gujral: I would not be too worried about Greek issue. The Wednesday’s fall was largely on expected lines. It helped the weak longs to exit. May be, we may have another 30-40 points of decline to around 8,300-odd levels, before the rally resumes again.

The world now has got enough experience of Greek like situations in the last seven-eight years. These things tend to get solved.

Had it been 9,000, we would have come crashing down 150 points from the Nifty. But, it is still a fairly light market. I do not the issue to take the markets lower too much.

In fact, any fall should be a buying opportunity. One must carry on with long positions. The index should be back above 8,400 in a couple of days.