Everyone was talking about 5600 Market is back below 5300. This is what mass psychology is all about. Market always move in path of least resistance and path of least resistance looking at bullish environment created was on downside. Hence we have results in front of our eyes. 1. FII sold 2041 Contracts of Index… Read More »
1. FII sold 8832 Contracts of NF worth 254 cores OI also increased by 40572. 2. As Nifty Futures was down by 48 points and OI has increased by 40572 , ie Fall in Price with Rise in Open Interest,Fresh shorts were added by FII. 3. Nifty today closed below 4955 ie. 20 SMA which… Read More »
It all Boils down to Indian Rupee,The way its hitting new high everyday Indian Economy is facing difficult days as Balance of Payment and Crude Oil Imports are adding as double whammy.INR hits new Life time low of 55.47,going gets tougher for Pranad Da. 1. FII bought 23630 Contracts of Index Futures worth 572 cores… Read More »
Below is my Interpretation of FII OI data Sheet for 29-Mar-12. 1. FII sold 21560 Contracts of NF worth 540 cores OI also decreasing by 412195 contracts.As it was March Future Expiry thats why we are seeing such huge reduction in OI. 2. As Nifty Futures was down by 20 points and OI has… Read More »
Below is my Interpretation of FII OI data Sheet for 28-Mar-12. 1. FII bought 6364 Contracts of NF worth 174 cores OI also increasing by 52478 contracts. 2. As Nifty Futures was down by 54 points and OI has increased by 70131 contracts means institutions have created fresh shorts in NF as net OI has… Read More »
Below is my Interpretation of FII OI data Sheet for 24-Jan-11. 1. FII bought 6911 Contracts in NF worth 184.64 Cores in Index Futures with Open Interest increasing by 33701 contracts. 2. As Nifty Future was up by 70 points and OI has increased today, with rise in price so FII have created fresh longs … Read More »
Nifty Hourly Nifty hourly chart has corrected from the high of 4801 and closed above 4700 yesteday, Today SGX suggests opening near 4700 range. Break of 4682 on Nifty will lead to 4631 levels where next major support lies. Nifty Daily Daily chart nifty has broken the upper channel which gives bearish signal. As… Read More »
Wishing all Site Readers a Merry Christmas and Happy and Profitable New Year 2012 It’s Christmas Eve today and we are almost reaching the close of 2011. From India’s perceptive 2011 is the year everyone wants to forget as it was primarily characterized by prolonged bear market, economic slump,inflation,corruption scams and weak rupee. Will things… Read More »
Don’t think about what the market’s going to do; you have absolutely no control over that. Think about what you’re going to do if it gets there. “Deciding when to cut your losses is one of the toughest decisions for anyone to make, but traders at the top of their game know that they always… Read More »