FII, DII data: FPIs sold shares worth Rs 1998 cr, DIIs bought shares worth Rs 1290 cr on July 21, Friday

financialexpress.com:

Foreign institutional investors (FIIs) sold shares worth a net of Rs 1,998.77 crore, while domestic institutional investors (DIIs) bought shares worth a net of Rs 1,290.73 crore on 21 July, according to the provisional data available on the NSE.

For the month till July 21, FIIs bought shares worth a net of Rs 17,697.89 crore while DIIs sold shares worth a net of Rs 8,906.19 crore. In the month of June, FIIs bought shares worth a net of Rs 27, 250.01 crore while DIIs purchased equities worth a net of Rs 4, 458.23 crore.

“The Nifty opened the gap down and trade with a negative bias throughout the day to close down~234 points. On the daily charts, we can observe that the nifty has held on to the zone of 19680 – 19700 where support in the form of the 50% Fibonacci retracement level(19677) of the rise from 19361 – 19992 and the 40-hour moving average is placed. During the current up-move, the 40-hour average has always absorbed the selling pressure and held on to start a fresh leg of up-move. We believe that there can be some consolidation considering the sharp rise it has witnessed in the last few trading sessions. Overall, the uptrend is still intact, and we believe that this dip is a pullback and not a trend reversal. In terms of levels, 19677 – 19700 shall act as a crucial support zone, and on the upside 19880 – 19900 shall act as an immediate hurdle zone,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.

“Bank Nifty witnessed a volatile trade today. Though it was volatile it traded in a range and closed down ~110 points. The hourly momentum indicator has triggered a negative crossover which can lead to consolidation in the short term, however, the overall uptrend is still intact and we believe