During the past week, FIIs were net buyers of equity worth Rs 675 Crores, as per provisional figures. DIIs were also net buyers of equity worth more than Rs 1900 Crores - thanks to regular inflows into mutual funds.
Shorts were badly trapped in F&O expiry week. FIIs turned buyers during the last three days of the week, joining DIIs in propelling Sensex and Nifty well past their respective down trend lines.
The Feb '16 'double bottom' patterns visible on the charts below can now be considered floors for both indices, from where the next legs of their up moves have started.
-- Shorts were badly trapped in F&O expiry week. FIIs turned buyers during the last three days of the week, joining DIIs in propelling Sensex and Nifty well past their respective down trend lines.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/05/bse-sensex-and-nse-nifty-index-chart_29.html
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