Motherson Sumi, Cox & Kings may outperform markets in short term: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his view on the market post Greece bailout deal.

ET Now: The Greece drama may be over, but is this is a fresh breakout for technical traders? Should they buy stock now?

Ashwani Gujral: Our market is held quite strongly despite Greece concerns. Domestic stocks were not falling, but they were not rising either. Now with Greece issue off the table, Indian markets could outperform because we were moving this small range of about 8300-8400 on Nifty, which the index has decisively broken on the upside.

Given that all other macros including a fall in crude oil prices are positive, it is possible that the next few days could be good for the Indian market.

So buying into 8,500 calls or building some sort of portfolio particularly in the stocks which got impacted because of Europe such Cox & King and Motehrson is advisable. Those stocks are likely to outperform on the upside.