Nifty to be choppy between 6,550-6,750 levels, says Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, fund manager, ashwanigujral.com shares his views on how the market is expected to perform from here on.

ET Now: We have been able to close above 6700 again after dipping below that mark. How do you see trade panning out for tomorrow then?

Ashwani Gujral: The way the domestic cyclicals have rallied, we need to see some consolidation. At the same time, the way exporters, pharmas, techs have corrected, we need to see a pullback out.

Broadly, index should chop around which means 6550 levels on the downside, and 6750 levels on the upside for the moment, but we will not be able to rally as hard as we did last week. This week will be quite sideways and choppy.