FII FnO Data Analysis for 21 Feb Trade for Nifty Futures

Below is my Interpretation of FII OI data Sheet for 17-Feb-12.

1. FII bought   28412   Contracts of NF worth 800.41  cores OI also increasing  by 7890 contracts. The OI for FII is inclusive of all months, so it rules out rollover.
2. As Nifty Futures was down by 51  points and OI has increased by 7890 contracts means longs were added by FII,Our Thursday Analysis of shorting the index at higher level proved right as Today they bought 28412 contracts but OI rose by only 7890 contracts.

3. Nifty has been rising only on gaps with momentum money chasing prices. If you are not on long side please do not short this market looking at daily rise of the market. Nifty is showing irrational exuberance with FII buying at Equities worth 4.44 Billion Dollars in just 44 days.

4. Nifty OI has decreased ....

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