FII F&O Data analysis for 13 Jan trade in Nifty future
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 futures.As we have discussed 2 days before No shorts above 4800 Click on Link to read and today also we saw a dip near 4800 and it got bought into.
3. Today we were expecting a wild volatile day it did happened but sad part we neither got a breakout above 4883 nor a breakdown below 4800. Infy gave a good results as per market expectation but there dollar guidance was well below market expectation, If we dig down number basically they are expecting a growth of 0-0.2% in April Quater in Dollar terms so the reason Infy took a beating today and it can go on for next 2-3 days.
4. IIP number were a surprise on...
Read the Full Article
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 futures.As we have discussed 2 days before No shorts above 4800 Click on Link to read and today also we saw a dip near 4800 and it got bought into.
3. Today we were expecting a wild volatile day it did happened but sad part we neither got a breakout above 4883 nor a breakdown below 4800. Infy gave a good results as per market expectation but there dollar guidance was well below market expectation, If we dig down number basically they are expecting a growth of 0-0.2% in April Quater in Dollar terms so the reason Infy took a beating today and it can go on for next 2-3 days.
4. IIP number were a surprise on...
Read the Full Article
posted by Bramesh at
9:07 AM
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