FII FnO Data Analysis before crucial RBI meet on 24 Jan
Below is my Interpretation of FII OI data Sheet for 23-Jan-11.
1. FII bought 12617 Contracts in NF worth 323.46 Cores in Index Futures with Open Interest increasing by 27063 contracts.
2. As Nifty Future was up by 3 points and OI has increased today, with rise in price so FII have created fresh longs in Index futures.Nifty moved in range of just 28 points and still FII created longs in NF. Nifty has lost momentum adn making grinding moves in tight range throughout the day before the crucial RBI meet today.
3. RBI will take decision on CRR rate cut today at 12 PM. Bank Nifty has risen almost ....
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1. FII bought 12617 Contracts in NF worth 323.46 Cores in Index Futures with Open Interest increasing by 27063 contracts.
2. As Nifty Future was up by 3 points and OI has increased today, with rise in price so FII have created fresh longs in Index futures.Nifty moved in range of just 28 points and still FII created longs in NF. Nifty has lost momentum adn making grinding moves in tight range throughout the day before the crucial RBI meet today.
3. RBI will take decision on CRR rate cut today at 12 PM. Bank Nifty has risen almost ....
Read the Full Story
posted by Bramesh at
9:38 AM
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