Go long on Nifty but buy in small portions: Growth Avenues

CK Narayan of Growth Avenues clearly believes the market is looking to bottom out, which necessarily does not mean it will be up and running.He advices going long in the Nifty but with caution - put only small percentage of your overall portfolio that is aruond 20-25 percent into the market.Since Nifty is indicating a bottoming out process, one need not keep tight stop losses and allow it some breathing space, says Narayan.For those who haven’t yet gone long, wait for break out above 7900-7910 on Futures, which would indicate an upside momentum, says Narayan.for more on his stock and sector specific bets watch video