FII Data 12th December 2018
FII DII Activity details mentioned below. In the cash market today, FII’s sold 1299 crores stock whereas DII’s bought 1121 crores worth of stock. In the derivative market, FII’s sold 488 crore of Index futures and bought 1300 crores worth of Index options. In the Stock futures segment, FII’s sold 5 crores worth of stock futures and bought 191 crores stock options. Click on the chart for Participant wise OI figures.
Today was a good session in the market. Most of the sectors participated in the move which in the end turned out to be pretty strong.
Global markets supported the market as well. Most global market futures were up 1% or more while our markets were open.
I certainly did not expect move from 10300 to 10700. Totally surprised to see the momentum of this move.
While I have booked out of short positions and entered longs, I still believe that overall market remains very weak.
It would benefit me if market rallies from here, but I just dont see how price can continue to rally.
Lot of work has to be done by market in terms of Price structure repair and what we saw today, needs to sustain for this to happen.
Anyway, our job is to follow price and not question it as Market’s will is supreme.
I think reason of rally could also be the way Government handled the whole RBI situation.
Market Participants may assume that Government has brought in someone who would agree with Government more often.
I don’t know how true this will be as this conclusion can only be drawn after 1-2 RBI Policies.
Also, as Citizens, we should give the new RBI Governor time to prove his mettle. Comparison with predecessors would be unfair on him.
Tomorrow there wont be any update.