Can't see people selling at a loss. The bull market means everyone is actually "in the money". The only people who aren't are the shorters, who will be buying stock to cover their positions. Usually there is a lull over june going into the new FY, but when everyone is "ITM" then why would they sell to realise a capital gain for this financial year?
Don't think it will apply this year, especially to the top 20.
correction getting much closer now., page-56
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