Invest in Gold BeES to escape inflation: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check) in a chat with ET Now shares his views on Bank Nifty.

ET Now: Does it make sense for our viewers to go short on the Bank Nifty?

Ashwani Gujral: I believe that the Bank Nifty is in some kind of a range 9220 to about 9559. If for some reason, we opened around 9550, which looks unlikely because of Jackson Hole. That would be a good point to get into shorts. Right now one could easily have the Bank Nifty closing up 100 points because the market is extremely range bound. I have bought my monthly allocation of gold BeES. So that's something people should consider and do as part of their portfolio.

ET Now: How big is the monthly allocation?

Ashwani Gujral: Over time, it will become bigger but I do not want to hold paper currency with the inflation that's going around.