Hi I am Muga srinivas in my point of view in October 2024 things were going good for the market and than
Brics contries praposal for new currency to trade oil and gold instead of dollar in October
FII brutal selling triggered
trump winning was unexpected
all Global market’s are touched all’ time High
In Indian market FII are holding large cap mid . cap and small cap allmost in all companies are scariest thing
FII sold till the date not even 10% of they’re holdings
DII are pumping money into the market but no match to FII brutal selling
No technical measure will works until FII s are Stop selling so keep monitoring the FII selling
Still if you’re ready invest in the market than check out for low FII holding stock s
When market bounce back low FII holding stocks
Will perform well compared to other stocks
In my view market will test 2 crucial supports
Are 22540 and 21880 by coming months because
No matter how strong Indian market needs to be consolidate for a range bond for atleast 2 months
In the view of brutal selling so be prepared for this
Above all are my personal expectations if like it do comment Thanks this is MUGA