How will nifty trade this week?

[drsri5259]

hello all...I sold a lot of nifty at 5050 and holding it....my broker asked me to hold it as nifty will touch 4850 in the coming week?Dow jones closed very weak yesterday.So I am hoping a gap down opening of atleast 70 points on monday.should i book profits or should i continue holding it until 4850?pls guide me.Thank you

 

[mahesh agrawal]

hi,
as per VIX figure maximum downside for nifty seems to be at 4910-40.

 

[raj_caps]

this will depend upon your risk appettite... still i feel you should cover your positions around 4900 as chance to go below 4890 is low.

 

[rajputz]

hello all...I sold a lot of nifty at 5050 and holding it....my broker asked me to hold it as nifty will touch 4850 in the coming week?Dow jones closed very weak yesterday.So I am hoping a gap down opening of atleast 70 points on monday.should i book profits or should i continue holding it until 4850?pls guide me.Thank you

first rule of trading....never hear to news...be your own analyst and success will be urs...