See Nifty at around 8,650 by end of next week: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, share his view on how investors should positioned themselves going ahead.

ET Now: How would you approach trade in the coming week?

Ashwani Gujral: I believe that the market has bottomed out. It will move higher with a greater momentum, Greece or no Greece, because till now half the people are on the sidelines; nobody is participating for 500-point rally. Once Greece is out of the way, that is when the real participation would be seen.

On Friday, for the first time in the last 10-odd days, Nifty futures have closed at a premium. That just means that certain we are now crossing over and as soon as we start trading above 8,500, more momentum is likely to come in. Probably by next week, we will end closer to 8,650 thereabouts. Monday will come and go. By the end of the week, it will be forgotten.