Where is the bottom?.
Yes, constant sells have pushed us down to 1.2, a play also happened at 1.1. So have we reached the bottom or more selling could come? Difficult to say, sellers are still there, spec play still in a very weak phase. Also tax transactions of June going on. Although anything can happen, based on my trading pattern I feel we may near bottom, if not at it. But anything can happen, so please dyor.
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Personally I was thinking we may be in a weak period this week due to June tax transactions. So had let go a few to buy back if it falls, even my other plays as well. Don't know where the bottom is, so started buying. Picked up fair few at 1.2. I won't be surprised to add more at 1.1, but let's see.
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So what may happen tomorrow? We need news, some good news. Otherwise it could be drifting till some big buyers join us. Let's hope we see the end of this sell off. All the best.
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