Indices poised for Santa Claus rally as FPIs turn buyers
pre-market1 source ↓written by the desknot a recommendation
- inflow last week
- $419 million
Nifty 50 and Sensex have shown resilience, recovering from support levels for two weeks. A double-bottom pattern may be forming, suggesting a bullish outlook. Meanwhile, FPIs turned net buyers with $419 million inflow last week, which could help sustain momentum for the indices. Nifty Bank remains mixed, warranting cautious observation.
Not investment advice. For informational purposes only.