Monday Watchlist: Why FMCG and realty offer value as FII short covering intensifies
The FII Index Future portfolio had a steady amount of longs above 20% during the week, but the Nifty index rise did not result in a significant increase. Short positions were closed, and risk appetite has improved with SMIDs gaining momentum. The Nifty FMCG Index has rebounded and is testing the lower boundary of the Ichimoku cloud.