Reason why cash is King

NIFTY should close above 200 days moving average and that trend line in a week or two, else things will get pretty nasty real quick. I hope this thing recovers back, I really don’t want to console an army of bag holders, this guy he sits next to me in office is having a yes bank position from 150, another one holding 50% loss on escorts and they still tell me that they are willing to hold for 5 yrs, why? Some guy on internet said so or their mutual fund manager advised them.