As per NSE data, FII were net buyers of Rs. 220.45 cr. (provisional)
Nifty is still consolidating and likely to remain on thursday. I will watch level 5650-60 for breakout upper side and 5600-5595 lower side. FII are still in buying mode but the I am clueless what they are buying. Are they buying Cash and selling in derivatives? DII are net sellers. Most of the time DII do just opposite of FII. Last april same situation happened where FII were buying but DII were selling. Actually FII were buying in cash and selling in future and DII were doing opposite. And then market tanked in May. Are we going to witness same? Don't confuse with these questions and facts. Trade with stop loss and at right time with patience gives rewards. Watch out the key figures as stated above. My views are still the same. Short near to now 5650 and stop loss now 5660 or Long near to 5610 stop loss 5595. Breaking of 5595 will lead to 5500 and breaking of 5660 will lead to 5700 and eventually at 5800.
Friday market will breakout on either side..
Friday market will breakout on either side..
