Some investors are worried at the moment because of FII selling Indian stocks.
Let’s have a look at the FII selling numbers in past 5 months.
Oct 25,000 cr
Nov 40,000 cr
Dec 35,000 cr
Jan 41,000 cr
Feb ~ 22,000 cr
Despite all these FII selling, Nifty is stable & consolidating between 16,500 to 18,500 since past 5 months. Thanks to the DII and retailers buying support!
Now, I’ve a contrarian view. Imagine the same FII heading back to India and buying the shares.
We’d get a double rocket booster from FII, DII & the retail investors. As and when this happens, I won’t be surprised to see Nifty flying past 17k to 20k in a matter of few weeks.
Time will only tell when will FII start buying again. For me, the answer is soon.
