yeah that true... Today's selling was mostly because of DII and retailers and maybe some MFs. But I'm so disappointed by the retailers panic selling behaviour.
Retailers are afraid of the spike in covid and newly imposed lockdown. Moreover bond yields and increase in brent crude oil is making this market worse.
@scalper100 no Mr. I've spent enough time in the market as of now.... Btw its not profit booked by FII but by retailers and DII. FII instead bought worth ~2600 crore in today's market.
Fed started printing and pumping money the same way in 2004 and the effect was seen in 2008 crash. FII investment is not wrong but it should match the economy. Otherwise it's simply scam in my opinion
Same thing fed did in 2004 and crash happen in 2008. The main thing is the're not stopping money printing. This is a huge manipulation in the market right now where technicals and fundamentals are obsolete.
@sivaramappu yeah very logical... I'm still bearish and waiting the market to correct before monthly expiry. Moreover, after festival our country is seeing spike in Covid cases as well.