Below is my Interpretation of FII OI data Sheet for 2-Jan-11. 1. FII sold 18,284 Contracts in NF worth 419.15 Cores in Index Futures with Open Interest increasing by 5958 contracts. 2. As NF was up by 16 points with Open Interest increase by FII . Rise in OI with Rise in price means shorts… 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 »
Below is my Interpretation of FII OI data Sheet for 27 Dec. 1. FII bought 13,409 Contracts in NF worth 317.32 Cores in Index Futures with Open Interest decreasing by 3783 contracts. 2. As NF was up by 38 points with Open Interest decrease by FII . Fall in OI with fall in price means … Read More »
Below is my Interpretation of FII OI data Sheet for 26 Dec. 1. FII bought 12,404 Contracts in NF worth 272 Cores in Index Futures with Open Interest increasing by 4984 contracts. 2. As NF was up by 68 points with Open Interest increase by FII . Rise in OI with Rise in price means … Read More »