For the third month in a row, FIIs were net sellers of equity. Their total sales crossed Rs 113 Billion during Dec '16. DIIs were net buyers of equity worth Rs 91 Billion, but their net buying exceeded FII net selling during the last week of the year.
That allowed both Sensex and Nifty charts to regain some lost ground, and form what are looking like 'double bottom' reversal patterns. On a monthly basis, Sensex closed only about 0.1% lower and Nifty closed about 0.5% lower.
-- That allowed both Sensex and Nifty charts to regain some lost ground, and form what are looking like 'double bottom' reversal patterns. On a monthly basis, Sensex closed only about 0.1% lower and Nifty closed about 0.5% lower.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/12/sensex-nifty-charts-dec-30-2016.html
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