FIIs have purchased approximately ₹1,400 crore worth of stocks in the cash segment, while reducing their net index short positions by about 1,000 contracts in the F&O market.
Global market sentiment remains stable to positive, boosting FII interest in Indian equities. Consequently, we expect the market to trend upward.
The Q2 earnings season will begin in the second week of July. Until then, the market is likely to trade within the 25,200–26,000 range. The next major market movement will hinge on corporate earnings.
Our strategy: Buy on dips with a strict stop-loss