FIIs have bought around 120 Cr in cash but at the same time increased their net index short positions in F&O
Overall global sentiment is turning from neutral to slightly positive
HDFC Bank has announced it will consider a bonus issue in the next board meeting which could be a positive trigger for Bank Nifty
I believe unless Nifty breaks and sustains above 25350 there is no real bullish trend in the market
Our stance stay cautious and always trade with a strict stop loss