FII FnO Analysis for 10 April trade in Nifty Future
Below is my Interpretation of FII OI data Sheet for 09-Apr-12.
1. FII sold 43232 Contracts of NF worth 1092 cores OI also decreased by 2630.
2. As Nifty Futures was down by 92 points and OI has decreased by 2630 ,which basically means profit booking on shorts and also Long liquidation as they net sold 43232 Contracts.
3. Nifty closed below 20SMA@5301 and 50 SMA@5333 for today making it bearish in short term. Trend is favoring bears.
4.Trading range for NF is 5380-5221. It touched the upper end unable to...
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1. FII sold 43232 Contracts of NF worth 1092 cores OI also decreased by 2630.
2. As Nifty Futures was down by 92 points and OI has decreased by 2630 ,which basically means profit booking on shorts and also Long liquidation as they net sold 43232 Contracts.
3. Nifty closed below 20SMA@5301 and 50 SMA@5333 for today making it bearish in short term. Trend is favoring bears.
4.Trading range for NF is 5380-5221. It touched the upper end unable to...
Read the Full Story
posted by Bramesh at
8:29 PM
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