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The clash between the Bears & Bulls with no clear winner!

Good Evening Everyone,


We could see a very volatile day today as Nifty went through a roller coaster ride as seen in the chart below. It went for a fall all the way from 16320 to 16179 and then finally closed at 16258.


It was looking like a pure clash between the FIIs & DIIs and seemed like it was the DIIs taking revenge on the FIIs for all the selling they did all these days.


The DIIs sold for Rs. 716 crores while FIIs bought for a net of Rs. 211.91 crores.

On a daily chart, we can see a clear clash between the Bulls & the Bears and a situation where no one won! Looks like tomorrow's day can change the direction of Nifty.


Sector Watch:


Nifty media was led up today by great results from ZEE, followed by Banks & IT. Whereas profit booking was seen in the metal sector.


Top Gainers:


Mahindra led the day with the highest gains for the day at 2.23% followed by its subsidiary TechM.



Top Losers:


Huge profit booking was seen after Tata consumer results were not great as per expectation, which should probably improve next quarter after reopening of the Indian Economy. Apart from the metals were seen among the top losers. That's it, for now team, I will write a detailed report tomorrow morning to enter the market with more confidence. Good night



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