Try to buy on decline: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views on the market outlook.

Flat for the index and you said bide your time for trades on the index that will probably come but stock specific moves probably still remain and the bias remains up on the upside, what do you think?

I would think so because the market is making heavy weather of going below 4850 so given that we are just moving sideways to down. Your bet should remain on the upside and sooner or later whenever the market starts moving higher, these bets will start working out. People should try to buy on decline and hold on to their long positions and whenever the market re-starts this rally, they will get rewarded. Overall I do not see great big correction coming because it seems that market sees buying the moment there is a bit of a decline.