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FPIs may Cut Bearish Bets, Releasing Bulls on St Today

Traders and analysts are counting on the liquidation of bearish derivative bets by overseas money managers in the wake of exit polls on Saturday pointing to a strong performance by the Bharatiya Janata Party (BJP) in the general elections thats seen pushing the stock market to new highs on Monday.

FPIs may cut bearish bets, releasing bulls on D-Street today

pharma sector: Bank Nifty better poised to head higher right now: Rohit Srivastava

A lot of the recent action is due to what we are seeing in global markets as well. So, I am not sure how much of it is solely related to the upcoming elections. However, there is some short-term risk if we close below, say, 22,550, where we are right now.

markets: What strategy should traders use ahead of poll results? Rohit Srivastava explains

On a one-day basis, the market would go the other way if the numbers are not meeting expectations and so till the actual numbers really come out, markets would remain jittery, that is the main point.

FIIs, retail investors betting on NDA coalition winning comfortably, shows index futures data