FIIs and DIIs joined forces and turned bearish during a week when transaction volumes slipped by 3%. FIIs were net sellers of equity worth Rs 36.1 Billion, while DIIs were also net sellers of equity worth a more modest Rs 0.23 Billion.
Despite all the selling, Sensex lost only 1% on a weekly closing basis and Nifty lost 1.5%. Both indices managed to remain above their respective support levels (of 25900 and 8000).
-- Despite all the selling, Sensex lost only 1% on a weekly closing basis and Nifty lost 1.5%. Both indices managed to remain above their respective support levels (of 25900 and 8000).
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/12/sensex-nifty-charts-dec-16-2016-bulls.html
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