Market Outlook: Anil Singhvi decodes top current triggers - from FIIs, DIIs, traders and more

Zee Business Managing Editor and Market Guru Anil Singhvi has said that the FIIs (Foreign Institutional Investors) buying in Index and Stocks Futures as well as DIIs (Domestic Institutional Investors) buying in cash market is giving confidence to the market. 

The Market Guru predicts a positive outlook for both FIIs and DIIs buying activity. He explains by saying that despite selling in the cash market by FIIs, there is buying of around Rs 1200 crore each in the Index Futures and Stock Futures, which is adjusting their short coverings and building long positions. 

See Zee Business Live TV Streaming Below:

Similarly, he adds, the DIIs are giving a tough fight to the selling from global funds, as they are buying almost the same weight as FIIs sold. The global funds on Monday sold around Rs 1111 crore as compared to domestic funds buying the same amount at Rs 1022 crore.  

Singhvi adds, it’s going to be spectacular April series with both FIIs and DIIs in a good position. While pointing out the factors that are keeping market in a good space, he says, FIIs selling pressure has reduced, short covering is happening and long positions are being built by global funds. 

क्या DIIs का सहारा बाजार को ऊपर ले जाएगा?

अनिल सिंघवी- अभी ट्रेडर्स का ध्यान पूरी तरह कैश मार्केट पर... इसलिए कैश मार्केट में एक्शन ज्यादा#EditorsTake #FII #DII @AnilSinghvi_ pic.twitter.com/LcD1IUegyS

— Zee Business (@ZeeBusiness) April 27, 2021

In the process of buying and selling from two big investors, the third entity from where the funds come into play in the market are traders, HNI investors among others, mentions Singhvi.  

He says, “If the traders’ mood is to buy then, of course, we will see a bull run, however, if their mood is to lose some weight then the market will see a decline. And, the traders’ mood is completely into cash market stocks.” 

He further adds, the action in the stock market is huge, however, just four stocks won’t affect the whole index, it may improve the mood of broader markets though.