Nifty likely to get past 8,550-8,600 range; keep long positions intact: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his view on the direction of the market.

ET Now: What is your view on the market?

Ashwani Gujral: The market continues to slowly move on the upside. There are higher chances that Nifty will soon get past 8,550-8,600 zone. Traders should try to buy into the market. If we can get any sort of bad news, and get a 100-point dip on the index, that would be best.

But overall, with a stop loss of say around 8,450-8,470 on the index, one should continue to carry your long positions. Chances are that this results season will have a different impact on markets than the previous one, even as results may not be very different.

So overall, market looks good and you should expect a slow upward grind.