
Trading setup for today: What to expect from the stock markets?
India TodayThe stock markets have been facing pressure recently, with foreign investors pulling out significant funds. PERFORMANCE SUMMARY Market analyst Sameet Chavan from Angel One said that the Indian equity markets extended their losses, with the benchmark indices dropping over 2.5% on a weekly basis. Foreign portfolio investors were net sellers last week, pulling out Rs 1,850 crore in the cash market. KEY TAKEAWAYS "Considering the recent price action and developments, volatility is likely to surge in the near period; hence, one must avoid taking aggressive bets on either side in the index," said Sameet Chavan, Head of Research, Technical and Derivative - Angel One. FPIs' net short positions rose to Rs 2.21 lakh crore last week, showing their bearish outlook.
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