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FIIs continue to buy huge! Where is Nifty headed to?

Good Evening Everyone, Yet another interesting day today as FIIs went on a buying spree and the broader market performed well in spite of weakness in Reliance.

The FIIs net bought for Rs. 1649 Crores while the DIIs continued to sell to the tune of Rs. 310 crores.

On the daily chart, Nifty formed a bearish candle with a positive bias, which cannot determine the day for tomorrow, hence we will wait for more global cues in the morning.

Sector Watch:

It was the private banks and IT that supported the day, while no major index was below 1% today.

Top Gainers:

Our best holding was all in the green today as we could see some of our holding visible among the top gainers of the day like Indus Ind bank, HCL tech, Hero motors & Tata.

Top Losers:

Among the top losers were Ultra Cemco and HDFC where profit booking is visible, probably by the DIIs. Lets meet tomorrow to discuss more and enter the day with confidence.


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