From last four consecutive days we have seen that FIIs have made very decent long position but after four days they made huge short position in index future.
*From my six years of experience in this capital market I can say it's just a beginning of making new shorts.
There is no sign of comfort from American as well as Europian Markets.
Probably Indian market is in oversold area but we need to understand from our previous experiences(Feb 2020 & April 2021) that market created lower low even after oversold market.
Sentiments are negative after this new variant of corona virus.
India VIX as well as S&P VIX is rising exponentially which is not a good sign for market.
*Trade very carefully.
Any news can impact upcoming(tomorrow's) market and most probably upcoming news may be a bad news.
Try to avoid long position overnight (BTST).
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