Sensex, Nifty charts (Feb 01, 2019): facing resistances from Fibonacci retracement zones
6 months ago
FIIs were net sellers of equity on Tue. (Jan 29) but net buyers on the other four trading days. Their total net buying was worth a huge Rs 43.2 Billion. DIIs were net buyers of equity on the first three trading days, but net sellers on Thu. and Fri. (Jan 31 and Feb 1). Their total net selling was worth Rs 9.6 Billion, as per provisional figures.For the month of Jan '19, FIIs were net buyers of equity worth Rs 1.3 Billion - thanks to massive buying worth Rs 30 Billion on the last day of the month. DIIs were net buyers of equity worth Rs 21.5 Billion.In a blow to government's job creation claims, an official survey conducted by NSSO during Jul '18 to Jun '17 showed India's unemployment rate was 6.1% - the highest since 1972-73. Spin doctors tried to downplay the findings by claiming the data was neither 'approved' nor 'final'.The interim budget announced on Feb 1 was expected to be populist in an election year, and it was. Benefits were a
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