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Market in oversold zone

The sense you get is that on Friday may be the poison would have been out of the system by lot, if only you had lot more domestic institutional investors (DII) participation which would have absorbed foreign institutional investors (FII) selling.

November 16, 2015 / 08:53 IST
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This is the start of a brand new week, now two weeks to go for expiry and we have one day in between as holiday so eight trading days left in what has been a really bad series for the bulls it has hardly seen any green this whole series.The sense you get is that on Friday may be the poison would have been out of the system by lot, if only you had lot more domestic institutional investors (DII) participation which would have absorbed foreign institutional investors (FII) selling. That is the point we had made on the Friday morning itself that because it is an extended weekend especially for domestic the DII participation would be low.

first published: Nov 16, 2015 08:52 am

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