I am not in the mood to short GAIL right now: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com shares his views about GAIL.

ET Now: What is the call on GAIL?

Ashwani Gujral: GAIL was a short call in the morning but it is pretty much range bound and the range is of about 368-398. So, right now I am not too much in the mood for shorting. The reason is that Reliance has not given up 700 conclusively and the Bank Nifty seems to be making a thrust on the upside. So, unless there is any specific reason, I am not too biased towards going short because the market has defended 4700. Only if we can close below 4700, then a lot of other shorts will come into play.