Below is my Interpretation of FII OI data Sheet for 18-Jan-11. 1. FII sold 15129 Contracts in NF worth 350 Cores in Index Futures with Open Interest increasing by 687 contracts. 2. As Nifty Future was down by 20 points and OI has increased today, with fall in price so FII have booked profit in Index… Read More »
Educomp Trading range between 172-229. Stock can be sold at cmp with sl of 229.5 Sell below 220.3 Tgt 216 and 212 Coal India Coal India is facing trendline resistance and 200 DMA@357. Stock can be shorted at cmp with sl of 357 Sell below 356.5 Tgt 49,344 and 337 Sl 357 HOIL … Read More »
Below is my Interpretation of FII OI data Sheet for 17-Jan-11. 1. FII bought 42432 Contracts in NF worth 1046 Cores in Index Futures with Open Interest increasing by 42548 contracts. 2. As Nifty Future was up by 86 points and OI has increased today, with rise in price so FII are long in Index… Read More »
Maruti Udhyog Maruti has been trading in the range of 907-1008 from past many trading sessions. Yesterday it made an attempt to close above 1010 but supply pressure came on higher end. One positive thing close above 50 SMA @972 is positive for the stock in medium term Buy above 1010 Tgt 1020,1036 and… Read More »
The Week Ended up with the inevitable,long due and bold decision by S&P Rating agency: Downgrade of EU Nations Standard & Poor’s carried out a mass downgrade of euro zone countries on Friday, stripping France and Austria of their top-grade AAA ratings, Nine of the 17 members of the euro area had their credit… Read More »
What is gambling? Some dictionary definitions: the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize) a: to play a game for money or property b: to bet on an uncertain outcome to stake something on a contingency : take a… Read More »
State Bank of India SBI we have covered it 2 days before as a breakout trade above 1710 Stock made a high of 1776 and now profit booking is advisable. Stock is approaching its trendline resistance as shown in above chart. Resistance are never broken in single attempt. Sell between the range of 1776-87 keep… Read More »
Below is my Interpretation of FII OI data Sheet for 12-Jan-11. 1. FII sold 4203 Contracts in NF worth 114.54 Cores in Index Futures with Open Interest increasing by 4807 contracts. 2. As Nifty Future was down by 20 points and OI has increased today, with fall in price so FII have booked profit in Index… Read More »
Below is my Interpretation of FII OI data Sheet for 11-Jan-11. 1. FII bought 11927 Contracts in NF worth 271.13 Cores in Index Futures with Open Interest increasing by 13137 contracts. 2. As NF was up by 2 points and OI has increased today, with rise in price so FII have created long in Index… Read More »
SBIN SBI the banking behemoth has shown a breakout yesterday and today we need a follow up action. As shown in above chart clear cut break of trendline but stock need to close above 1710 to confirm breakout. Buy above 1710 Tgt 1724,1746 and 1771 Sell below 1685 Tgt 1664,1637 Reliance… Read More »