MESSAGES

Bro I guess Pre election top for india in June will act as strong support . I also think 20500 which the world wants to see is history . We are not discounting our interest rate cuts , they are around the corner . In all probability 23100-23300 shall be base . FII have sold huge and still we have fallen only 6-8 percent . Bank nifty is resilient and with lot of moves this week in 2-3 weeks the moving averages should catch up for upside action

What I am not understanding is why in the world our diis are supporting and letting FII exit at higher levels. Do they have that much plenty of money that they cannot park anywhere but in equity market. Are our valuations that cheap. FIIs used to sell at bottom and our folks sell at peak. Are things reversed now. May be dii join the selling spree later and a massive down move happens within a day or week. Something big honewala hai... I am surprised today to see how futures fought for that 24.2k level today and given up towards close...Even though trump up move going to give some cushion not sure to what extent it can help. Lets see. No matter what caution is required. Trade Safe. Best Wishes.

FIIs selling is becoming crazy - . Everyday get up - sell for 4000-5000 crores of Indian equity, eat, sleep, get up.....sell