Today’s market proved that the dip was to hunt the stoplosses of traders and the market took the support of exactly 20993. It seems that now market participants are taking 20600 as a strong base and consolidation near 21000 making 21000 as a new center of nifty.
Banknifty fueled the rally in today’s market. A recovery from 46919 to 47932, more than 1000 points rally in banknifty increased the confidence of investors that banking stocks are in action and this sector may show further volatile moves near its high.
| CATEGORY | DATE | BUY VALUE(₹ Crores) | SELL VALUE(₹ Crores) | NET VALUE(₹ Crores) |
|---|---|---|---|---|
| DII | 21-Dec-2023 | 9,750.21 | 8,285.51 | 1,464.70 |
| FII/FPI | 21-Dec-2023 | 9,715.29 | 11,351.48 | -1,636.19 |