My father saw a video and is convinced that Brokers control the market and are the reason why stock prices go down when you buy it. The video presents a data that brokerage firms control majority of the equity market and not FII and DII . Data was something about “Shares of Client Participation in Equity Derivatives” and FPI was 6.1 while PRO was 57.8 . According to him the brokers have all the data of positions of investors and they create panic to bring down prices when it is supposed to be booming due to a good news.
Now I dont know how do I convince him against this , can anyone debunk this?
Actually it’s the brokerage firms with tips do manipulate investors not the markets. They push an uninformed investor with some illogical advise and manipulate them to invest . So they may never manipulate the market / may be not even a small cap stock if the reach of that brokerage firm is too little.