Nifty weakens for a third day, in a row.Still it is moving only inside the Keltner channel. FIIs continued their cash market, net positive purchases, to the tune of Rs 10263 million.However they have sold heavily in the directives segment, to the tune of Rs 6144 million.( By far, the highest this month.)This has erased the premium off Nifty futures. DIIs continue to sell-they sold a net of Rs 4139 million.
So, the FIIs seem to be short term short and long term long.
Look what is happening to the broader markets...
While the broader markets are selling off, Nifty is in a relatively comfortable situation.
Astrologically, the markets are going to improve next week. Let us wait and see...
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