FII Derivative Data Analysis for 1 trading day of FY 12-13
Below is my Interpretation of FII OI data Sheet for 30-Mar-12.
1. FII bought 19301 Contracts of NF worth 500 cores OI also increasing by 24743 contracts.
2. As Nifty Futures was up by 101 points and OI has reduced by 24743 contracts means institutions have covered shorts in NF .As they have been carrying shorts for March Series.
3. Nifty on the last day of march closed above 20SMA@5292 which is bullish sign.Next important level comes to 5313 which is 50 SMA.
4.As discussed in Weekly analysis 5130 comes as channel bottom and Nifty obliged us making a low of 5135 and major bounceback of 168 points. Now look at a crooseover of 5313-5320 range above its a quick move of 40 points will happen and below it we will again go till 5268-5246 levels on NS.
5. Nifty April OI has decreased by...
Read the Full Story
1. FII bought 19301 Contracts of NF worth 500 cores OI also increasing by 24743 contracts.
2. As Nifty Futures was up by 101 points and OI has reduced by 24743 contracts means institutions have covered shorts in NF .As they have been carrying shorts for March Series.
3. Nifty on the last day of march closed above 20SMA@5292 which is bullish sign.Next important level comes to 5313 which is 50 SMA.
4.As discussed in Weekly analysis 5130 comes as channel bottom and Nifty obliged us making a low of 5135 and major bounceback of 168 points. Now look at a crooseover of 5313-5320 range above its a quick move of 40 points will happen and below it we will again go till 5268-5246 levels on NS.
5. Nifty April OI has decreased by...
Read the Full Story
posted by Bramesh at
8:19 AM
0 Comments:
Post a Comment
Note: Only a member of this blog may post a comment.
Subscribe to Post Comments [Atom]
<< Home