Just hang in and hope that the market turns around: Ashwani Gujral

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

What is it that you would recommend about trade tomorrow?

As far as I am concerned, the upside is 6200 or 6150, and downside is 80 points. From here, you should try to get in whenever you think it is possible because the risk is not being in the market when you are seeing this sort of an uptrend. So, instead of being too cute and trying to time 20 points, etc., the levels are coming where people should get into the market if they are not in. If they are in, they should not try to disturb their positions and just continue hanging on them. With the 5780-5800 type of stop, I believe we will turn before those levels so just hang in there and hope that the market turns around and gives you that three-four day sharp up move which leads to a 150-200 point upside.