On 1st Jul, FIIs again sold worth 2300 Cr. Till the time rupee keeps depreciating, FIIs may keep selling as it causes losses to them. It a virtual cycle.
However, mostly the returns in Jul in the markets are positive as per historical records. Let's see.
Result season will start soon. 40$ tax on oil producing companies has caused the market fall now.
Long term investors can continue to invest, as no one knows the bottom nor any future events can be predicted. Some companies get benefitted during war also like Defence sector.
Some experts are predicting 13k on the Nifty, in this calender year, on the downside *and* at the same time, same experts are predicting 22k on the Nifty on the higher side.
You can make good profit in intraday using the bank nifty option tip for the day as we trade less but trade accurately.
Don't listen to them. Stay invested and patience is the key.
Depreciating rupee is good for exports and penetrating markets amongst global depression.
