Does the daily FII trading activity control the Indian Stock Market nowadays?

Fundamental Analysis
1

In olden days, It was many traders secret formula to cross check the daily FII trading activity to get a sense of the market direction for the coming days.

After the recent influx of algorithm based market liquidity management and billion dollar Institutional trading desks within India, Does this old FII mantra still work?

Do you follow Follow the FII trading activity on a daily basis, and does it work for you?

2

in theory it still work
since DII keeps on buying the effect is dull for few years
Now as Market is consolidating and bears grips more
then sooner or later next thing will follow when institution buyers like retirement fund
then the SIPs will follow after that DII will loose the power
and FII will be important like olden days

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