A Week like no other when FIIs sold and DII + Retail were Bold.
Weekly Round-up:
This was a week like no other. This was a week where FIIs were on a selling spree they sold worth Rs.22,158.15 roughly and DIIs were net buyers worth Rs.10,249.4/-. Although FIIs were able to shrink the Indian market by aggregate 2.92% but it is rare to se so much disconnect between Global and domestic investors. Are global investors not seeing what locals are seeing or are local investors aware of something which global investors perceive as worrisome. It is complete discord, disengagement, divide and sunder between views of global and local investors about Indian markets.
The case might be something else may be it has nothing to do with future of Indian market, the global sell off from FIIs from emerging market and Big-Tech was due to US FED led hawkish stance. Rise of the Dollar Index and Russia Vs Ukraine + EU + US catastrophe that might unfold. The other reason can be fear of escalation of discord in Middle East due to Houthi missile reaching UAE.
All Said and done the confidence shown by retain participants and DII in India was full of swag and disdain towards the moves of 'Goldilocks'. The brown sepoy mentality and the colonial hangover might finally be giving way to self belief, confidence in the country, it's economy and it's future. This determination, confidence, fearlessness, aplomb, certitude and assuredness will probably take NIFTY to 20K+ and higher in the near or far future.
Coming to the present and short term view support of NIFTY is at For the next week will be 16836. Below which NIFTY can fall to 16418 and 16301. It looks difficult that Nifty will take that direction as we might be looking at a populist budget which can take NIFTY upwards towards 17196, 17254 which will be a formidable resistance. Crossing 17254 on a daily closing can take NIFTY to 17352 and towards 17582 and further.
This was a week like no other. This was a week where FIIs were on a selling spree they sold worth Rs.22,158.15 roughly and DIIs were net buyers worth Rs.10,249.4/-. Although FIIs were able to shrink the Indian market by aggregate 2.92% but it is rare to se so much disconnect between Global and domestic investors. Are global investors not seeing what locals are seeing or are local investors aware of something which global investors perceive as worrisome. It is complete discord, disengagement, divide and sunder between views of global and local investors about Indian markets.
The case might be something else may be it has nothing to do with future of Indian market, the global sell off from FIIs from emerging market and Big-Tech was due to US FED led hawkish stance. Rise of the Dollar Index and Russia Vs Ukraine + EU + US catastrophe that might unfold. The other reason can be fear of escalation of discord in Middle East due to Houthi missile reaching UAE.
All Said and done the confidence shown by retain participants and DII in India was full of swag and disdain towards the moves of 'Goldilocks'. The brown sepoy mentality and the colonial hangover might finally be giving way to self belief, confidence in the country, it's economy and it's future. This determination, confidence, fearlessness, aplomb, certitude and assuredness will probably take NIFTY to 20K+ and higher in the near or far future.
Coming to the present and short term view support of NIFTY is at For the next week will be 16836. Below which NIFTY can fall to 16418 and 16301. It looks difficult that Nifty will take that direction as we might be looking at a populist budget which can take NIFTY upwards towards 17196, 17254 which will be a formidable resistance. Crossing 17254 on a daily closing can take NIFTY to 17352 and towards 17582 and further.
Happy Candles Investment
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