FII Derivative Data Analysis for March Expiry
Below is my Interpretation of FII OI data Sheet for 28-Mar-12.
1. FII bought 6364 Contracts of NF worth 174 cores OI also increasing by 52478 contracts.
2. As Nifty Futures was down by 54 points and OI has increased by 70131 contracts means institutions have created fresh shorts in NF as net OI has risen with fall in price.
3. Nifty for the 3 day was unable to move above 50 SMA@5302. Again saving grace comes that Bulls are protecting 200 SMA@5151 Till Nifty is trading above this level bulls still have a chance for Pullback.
4. Nifty has formed..
Read the Full Story
1. FII bought 6364 Contracts of NF worth 174 cores OI also increasing by 52478 contracts.
2. As Nifty Futures was down by 54 points and OI has increased by 70131 contracts means institutions have created fresh shorts in NF as net OI has risen with fall in price.
3. Nifty for the 3 day was unable to move above 50 SMA@5302. Again saving grace comes that Bulls are protecting 200 SMA@5151 Till Nifty is trading above this level bulls still have a chance for Pullback.
4. Nifty has formed..
Read the Full Story
posted by Bramesh at
8:40 PM
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