Why are FIIs selling aggressively? | CA Rachana Ranade

"I think you should note this down very important point 24,200 to 24,400. This I personally feel is a very very nice support for the nifty right now."

"24,400 looks like a very very strong support."

"24,200 as per 200 dema which is also a very good support. And if this is broken still 23,800 sorry 24,200 if that is broken 24,000."

"if FI have done a lot of shots they have to do at some so towards the expiry they'll have to wind their positions so either they can wind up their shorts Or so we call that as a short unwinding. Okay. Or possibility number two, unwind the shorts and again initiate fresh shots. So if the longshot data is at a very low level, there's a great chance that there could be a short covering and market in fact can rally from here."

"Typically what we have seen is if uh the long shot is as low as somewhere between 10 to 15%. Then we say that we are somewhere close to the near. See this doesn't tell when will we go into a rally. But are we closer to the bottom? That answer can be given from here."

"if you see right now it is at 8.58%. These are like extreme low levels when there were I mean even I think during co times also I mean see this is single digit it it can't go I mean long short okay so this means that excessively short positions have been built up and now there will be some point when there will be a short covering"

"Did we see some sort of short covering today? And answer is yes. That is exactly what we saw today as a short covering."

"Telecommunication sector 12,295 net buying by FBI of course in crunmication sector. So overall this is one sector which FBI's are loving it."

"IT sector 21,171 crores worth of net outflow Is that a big number? Answer is yes. It's a big number for an outflow. So where are the FBI's uh seeing this as a positive? Positive is typically being seen for telecommunication sector, negative mainly for IT sector."

"why was a rate cut not initiated answer is very simple global uncertainties growth risks uh so if all these Trump tariffs and all that keeps on happening could that could that bring in a little bit of dent is yes and that is the reason why he has kept the stance as neutral see what what does a neutral stance suggest it it suggests something like a wait and watch scenario."

"total exports that we have to USA is $86.5 billion one more time I'm repeating $86.5 billion total export is biggest chunk is of smartphones okay now if you see see here there are some categories which are exempt from the increased duty Okay. And which are those pharmaceuticals, smartphones, semiconductors and petroleum products."

"But this new tariff additional 21 uh additional 25% tariff will be applicable from 7th of August. Oh sorry from 27th of August he has given 21 days uh additional for some negotiations. So we are total direct report stand at 50% starting 27th August."

"company has emerged as one of the fastest growing mobile man phone manufacturers in India and its client will include Motorola, Xiaomi, OPPO etc. And now with Apple, it's going to be more interesting, right?"