Hold on through these market declines to make good money: Ashwani Gujral

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

ET Now: What is the call on markets right now?

Ashwani Gujral: You need to have a clear view of the market. If it is a bull market or at least up trend, then the trade that makes the most money is being long. So people who are really serious about making good money have to hold on through these declines.

If you are so jittery, then chances are that you will probably make your three or four bucks and be out before the real thing happens. Market is moving sideways and nothing has really changed.

When you just break out in two or three days, you will be at 6150 levels and if you exit and then enter again, chances are that you will miss the big move when it comes. So broadly we can say that 5850-5860 levels is a good stop loss or support and chances are that most of these declines will tend to end out there.

The advice would be to remain long instead of trying to get into cue trades and going short at 6000 levels because the day 6000 gets taken out, the market will probably not stop for the next 150 points.