From the doorsteps of 19000, the sustained decline was disappointing, though not unexpected. However, the psychological mark of 18000 failed to trigger a solid bounce, and appears to have rattled traders, prompting talks of 17500-300, also evidenced by Nifty put option activity.
Rs 40,000 crore in 13 days! Is the great FII reversal finally here to save Nifty bulls?
Foreign institutional investors have pumped nearly Rs 40,000 crore into Indian equities in 13 trading sessions, raising hopes of a sustained reversal after months of