The FII and DII are large movers of the Indian markets.
Their recent buying/selling figure can be of some idea in this range market.
The FII have been buying the India equities after two months of selling. They have bot more than $1.1 bn till now. The DII on the other hand have been buyer for last 3 months and have bot about $60 mn till now.
The Nifty till now is 3.7% up this month. Going further lets see when has FII buying w.r.t market.
I have considered the close and open change as that can correctly indicate the buying and selling pressure.
The above chart clearly shows that FII have been aggressive by buying on dips.
And that’s the only strategy right now. I mentioned it in my post that indices are covering the losses intraday.
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