FII FnO Data Analysis for 21 march Trade for Nifty Futures
Below is my Interpretation of FII OI data Sheet for 20-Mar-12.
1. FII sold 7151 Contracts of NF worth 193 cores OI also decreasing by 6577 contracts.
2. As Nifty Futures was up by 19 points and OI has decreased by 6577 contracts means institutions have booked profit Nifty Future shorts.
3. Nifty 50SMA@5252, Close below this is first indication of a bearish market from medium term perceptive. For immediate short term we are in bearish trend till we are trading below 20 SMA@5353.
4. Today was a Sideways day with volatile trend in market as volatility has collapsed from 27 to 22. Nifty is consolidating before the crucial 50 SMA and most important of all...
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1. FII sold 7151 Contracts of NF worth 193 cores OI also decreasing by 6577 contracts.
2. As Nifty Futures was up by 19 points and OI has decreased by 6577 contracts means institutions have booked profit Nifty Future shorts.
3. Nifty 50SMA@5252, Close below this is first indication of a bearish market from medium term perceptive. For immediate short term we are in bearish trend till we are trading below 20 SMA@5353.
4. Today was a Sideways day with volatile trend in market as volatility has collapsed from 27 to 22. Nifty is consolidating before the crucial 50 SMA and most important of all...
Read the Full Story
posted by Bramesh at
8:43 PM
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