Midcaps: Don't overstay your welcome
One thing which now stands is that clearly there is foreign institutional investor (FIIs) buying and domestic institutional investor (DIIs) selling which means that the near term set up for the market continues to look good.
Tomorrow is a market holiday, so today is going to be a bit of a tricky day because global markets have now turned a bit iffy. Yesterday you saw the way European markets were reacting and we were part of that as well. In a sense that we also reacted in the second half though the market did pickup from the low point of the day yesterday. One thing which now stands is that clearly there is foreign institutional investor (FIIs) buying and domestic institutional investor (DIIs) selling which means that the near term set up for the market continues to look good. However, in the medium-term, there is a risk of this turning out to be a counter trend rally because the domestic institutions have the sense of getting the medium-term trend right.
Happy Investing
Source:Moneycontrol.com
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