Avoid bottom fishing in the infra space: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com

The biggest cut have been taken by some of the infrastructure companies today apart from the metals as well at this point of time probably some amount of bottom fishing would you recommend or just stay out completely?

Absolutely no bottom fishing in any of the infrastructure companies. I am very very comfortably buying them at higher levels when the pattern confirms that talk of an IVRCL I am seeing a level of around 128 to 130 every rally to the tune of 150-155 would be an opportunity to go short or possibly book profits or sell and above 165-168 then we can think of going long. So I would avoid bottom fishing specifically in the infra space.