Some sort of correction on the cards: Sajiv Dhawan

ET Now caught up with Sajiv Dhawan, MD, JV Capital Services, to find out his take on Nifty.


ET Now: What is the call on Nifty, are we going to do 5400, we are going to do 6000 or we are just going to yo-yo around here?

Sajiv Dhawan: We go with the flow. The trend has been up. Even last before we spoke, we said you buy the dips. That still seems to be the strategy rewarding traders and investors. On a personal front though bit cautious ahead of the results and we have actually looked to take some profits this morning. You are seeing too much activity on lot of the midcap stocks and small caps.

They are really flying around at a very fast pace and that does make you a bit nervous ahead of the results. So from our perspective looking to lighten up a little bit but if there is some sort of correction, then probably again you probably look at some of those stocks again and get back in but at the moment, you just enjoy the ride and keep increasing your stop losses from a trader's perspective.