Below is my Interpretation of FII OI data Sheet for 10-Jan-11.
1. FII bought 43859 Contracts in NF worth 1054.37 Cores in Index Futures with Open Interest increasing by 32891 contracts.
2. As NF was up by 120 points and OI has increased today, with rise in price so FII have created long in Index futures.From past 2 days all dips were bought by FII as pointed in yesterdays post and today it showed it effect. Breakout above 4800 showed its effect.
3. Nifty is forming a contracting triangle on hourly charts both on upside and downside. Resistance are coming down 4775 and support are coming up 4705 which means breakout is soon on cards but when it will be is million dollar question. This is what we wrote yesterday and here we are trading well above 4800.
4. FII has pumped in almost 2300 cores in past 8
Read the Full Story
1. FII bought 43859 Contracts in NF worth 1054.37 Cores in Index Futures with Open Interest increasing by 32891 contracts.
2. As NF was up by 120 points and OI has increased today, with rise in price so FII have created long in Index futures.From past 2 days all dips were bought by FII as pointed in yesterdays post and today it showed it effect. Breakout above 4800 showed its effect.
3. Nifty is forming a contracting triangle on hourly charts both on upside and downside. Resistance are coming down 4775 and support are coming up 4705 which means breakout is soon on cards but when it will be is million dollar question. This is what we wrote yesterday and here we are trading well above 4800.
4. FII has pumped in almost 2300 cores in past 8
Read the Full Story
posted by Bramesh at
7:04 AM
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