Any mild correction in next 2-3 days an opportunity to buy: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his view on markets. Excerpts:

ET Now: What is it that you expect of trade for the remaining two sessions?

Ashwani Gujral: If we can get off with a 100 point style correction that means that possibly the uptrend could continue. In case the 7850 starts getting taken out with some force then there will be trouble and as I said this all-time high business is very risky because it sucks people in. We need this sort of a correction to assess whether the breakout is for real or we are going to fall back towards 7600. So next two or three days, we watch and see how far the market corrects and what kind of stocks lead that correction. In case it is a mild sort of correction then the idea should be to buy otherwise if it gains steam on the downside then we are still in that sideways zone. Nothing much has changed. Yes, crude helped some of the oil stocks rally but other than that nothing much really has changed.