My friend has a question to me which i thought will be best answered by forum guys.
He has direct equity investment of 50K and currently the whole portfolio is trading in 3K loss. He needs around 40K in 4 months from now.I told him about uncertainity of stock market in short term and the possible trouble. But he says he can risk the money may be upto another 5K loss which mean a total loss of 8K after 4 months. But he thinks Nifty would be in 6000 levels in 4 months which might wipe his loss.
Is he right? ie nifty can be around 6000 in 4-5 months? or is there a possibility for it to goto 5200 level in which case he might be loosing another 5K. Whats your opinion on it?