Quietly, FIIs have turned net sellers of equity this week - though their net selling in three days was only worth Rs 340 Crores. DIIs were net buyers on Monday and today (worth Rs 180 Crores), but were net sellers of equity (worth Rs 450 Crores) on Tue. Aug 23.
So, if both FIIs and DIIs were net sellers, who have been buying? In a clear case of history repeating itself, retail investors are getting sucked into the stock market at exactly the wrong time - again!
With no fresh bullish triggers for the market - at least till the 7th Pay Commission awards start showing up as credit entries in the bank accounts of government employees - the much awaited correction may be around the corner.
-- So, if both FIIs and DIIs were net sellers, who have been buying? In a clear case of history repeating itself, retail investors are getting sucked into the stock market at exactly the wrong time - again!
With no fresh bullish triggers for the market - at least till the 7th Pay Commission awards start showing up as credit entries in the bank accounts of government employees - the much awaited correction may be around the corner.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/08/nifty-chart-midweek-technical-update_24.html
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