Avoid FIIs when it comes to derivatives: Pankaj Pandey

In a chat with ET Now,Pankaj Pandey, Head Research, ICICIdirect.com, shares his views on FIIs.



ET Now: How are you reading into the third consecutive sell figure from the FIIs when it comes to derivatives?

Pankaj Pandey: Market has been sort of boxed in a range of 200 odd points for the past one month. So, we prefer to be on the sidelines and that is what we are advising to our investors rather than participating in this emotionally charged market. We believe that we can take an objective call and that is what we are advising to investors.