DIIs selling trend contrarian to FIIs buying in cash market! Anil Singhvi decodes for investors
Foreign Institutional Investors (FIIs) have been on a buying spree in the cash markets over the last three trading sessions. FIIs have bought shares worth Rs 5400 over the last three trading sessions – and Rs 2000 cr on Wednesday. Meanwhile, the Domestic Institutional Investors (DIIs) have taken a contrarian position selling shares worth Rs 10,000 cr over the last 8 trading sessions
Under the current circumstances, it is advisable to book profits and take some breather, the Market Guru said. Earlier, when the markets were falling, it was primarily on the back of FII selling