I think retailers and big HNI are controlling the market nowadays. If good sentiment is triggered for the market then upside is ready to move.
Nicely done by DIIs. NiFTY 50 PE is at 20.3. It's an attractive price over the past historical data. FIIs will start buying after March quarter results which is likely June-July. Keep money with you now. The market will be down till the end of may.