Use any upside to create short positions on rate-sensitive counters: Ashwani Gujral
On the long side, Indiabulls Housing, Bharti Airtel and Idea Cellular are few stocks that can be explored, Gujral says.
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In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his view on where the market is headed towards.
ET Now: Any strategies – Nifty or the Bank Nifty that you would like to adopt?
Ashwani Gujral: Traders should try to initiate short positions. One can expect a couple of weeks of softness in the market. Any 50-70 point upside on Nifty should be used to go short in PSU banks and other rate sensitives that came down sharply on Tuesday and were bouncing back on some sort of news.
On the long side, Indiabulls Housing, Bharti and Idea are few stocks that can be explored. Overall, levels around 8,170-8,200 on Nifty should be used to take short positions.
ET Now: Any strategies – Nifty or the Bank Nifty that you would like to adopt?
Ashwani Gujral: Traders should try to initiate short positions. One can expect a couple of weeks of softness in the market. Any 50-70 point upside on Nifty should be used to go short in PSU banks and other rate sensitives that came down sharply on Tuesday and were bouncing back on some sort of news.
On the long side, Indiabulls Housing, Bharti and Idea are few stocks that can be explored. Overall, levels around 8,170-8,200 on Nifty should be used to take short positions.
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