Foreign Institutional Investor (FII)
seems to be lighting their weight in the stock market consistently
despite the govt. going for every resort left to bring back the economy on
track. So far FIIs have sold shares of
about 600 crore in the April, 2013 itself. Whereas February and March witnessed
accumulation of 21000 and 11000 crore respectively, April appear to offer a
cold shoulder so far as FII’s investment in concerned. The intraday traders are getting
jittery after the premium in nifty futures reduced marginally, coupled
with heavy selling in the last sessions of stock market. This all
indicate that even the FIIs especially Exchange Traded Fund flows are now at
risk of being pulled out given continued political uncertainty and worries
about early elections.
The BSE and nifty fell below their
200 dma which acted as crucial support and many times market showed a sharp
bounce back from this level. The online
trading software which also incorporates nifty trading system has to
peep into the depth now to confirm the bottom out level. FII continued to be big buyers in Indian
stock market, having bought over $ 10 billion. The intraday trading software
which asses live chart of nifty and confirm buy or sell signal,
has made a good benefit of this volatility in the market where in a single
trading session nifty witness volatility of 100 points.
Over all intraday traders in nifty future and nifty option
remained choosy during this period. The
intraday tips were invariably based on FII’s buying and intraday traders kept
following foot print of FII to seek safe place to invest in the stock market in
the situation where bull had started exhausting after a long run. The technical analysis of the market
predicts than market may again bounce back with surprise.
Visit Us : www.technotrades.biz
Contact Us : +91-9958406102
Comments
Post a Comment