25/10/2024
Yesterday FII selling was not been fully absorbed by DII.
FIIs would continue to sell throughout October.
Once FII selling has reduced to or below ₹3000 crore which is a great level for DIIs to absorb markets may show some recovery or be flat.
We shall witness fresh major Long positions from FII & DII starting next month after the US Elections to reverse the market sentiments with sharp recovery.
Markets may also deliver positive momentums during Diwali week due to an auspicious occasion as always.
It seems that markets are expected to go tough in the days to come due to higher valuations and higher P/Es of almost all companies.
Markets have delivered more than we anticipated over the past one year and which is why markets are bound to give more corrections in the coming days as well.
Equity prices may show more corrections and adjust itself to their real values.
Once this has happened markets may then look ahead for more bullish momentums. (Remember - This momentum will not be the same as we have seen over the past one or two years. Atleast not sooner until 31st March 2025)
So we recommend you all to be cautious when investing and take new long positions only after a thorough research and analysis.
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