Nifty likely to test 8,100 level in the next 10 days: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his view on how the market may behave in the days to come.

ET Now: What do you make of Tuesday's trading session and how does that set us up for the next few days?

Ashwani Gujral: Consensus seems to be building up on no rate cuts and subdued earnings. Therefore, in the next 10 days, Nifty should bottom out somewhere around 8,100-8,200.

From thereon, if you make a portfolio, then chances are higher that you will be able to make money irrespective of how poor the result season may be.

There is more downside still to come. You just have to let the market decline and watch out for the stocks that not falling. It may be Lupin or BPCL.

All you need is to watch what is not falling, which stocks are holding on to their levels, which is making fresh highs. You make a portfolio of those stocks and then carry them as a market turns around. They are likely to outperform.