Tuesday close. Three numbers on one screen. Anyone reading flow as a verdict got the day inverted.
"FII flipped buyer. DII flipped seller. The index still went up." The four-month story was the opposite of this. FII selling YTD record. DII catching every dip. SIP run-rate as the floor. Yesterday all three lines changed direction in the same session and the headline did not break. The flow file does not predict the day. It records it.
FII Cash . 19 May
+1329cr
Net buyer for the day after sitting on the sell side for most of the year. One print is not a turn.
DII Cash . 19 May
.1959cr
First net sell day in months. The other half of the long narrative changed sides on the same Tuesday.
IT led. TCS INFY HCLTECH up 3 to 4 pct each. The tape did not ask the flow file for permission.
The narrative
before yesterday
FII selling YTD record above Rs 2 lakh crore. DII bid every dip. SIP arrival Rs 26500 crore a month as the structural floor. Repeat as needed. The flow chart became the verdict.
Yesterday all three legs moved against the story and the index still printed green. If flow was the verdict, the index should have fallen. It did not. The flow file is a sentence about yesterday. Card two shows what the flow data actually tells you and what it does not.