💼 FIIs turning buyers in December, in total reversal of their sustained selling strategy during the last two months, has altered the market sentiments in favour of the bulls.
💼 Encouraged by the FII buying, retail investors, too, have jumped on to the buying bandwagon. This has triggered short-covering leading to sharp intra-day volatility.
💼 The 500-point swing in Nifty from the peak to the trough yesterday indicates a tug-of-war between the bulls and the bears.
💼 The best strategy in this volatile context would be to remain invested with higher weightage for largecaps, where there is valuation comfort.
💼 The policy response of the RBI and the central bank’s commentary on the growth and inflation outlook will be keenly watched by the market today.
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Posted on : 06 Dec 2024 10:31 AM