FII FnO Analysis for 13 April trade in Nifty Future
Below is my Interpretation of FII OI data Sheet for 12-Apr-12.
1. FII bought 7276 Contracts of NF worth 192 cores OI also increased by 16680. Infosys results are disaster in recent time and expect a deep cut in infy. China GDP grew at 8.1% against an expectation of 8.5%. Monthly inflation data will be keenly watched
2. As Nifty Futures was up by 40 points and OI has increased by 16680,FII have created longs in Index futures.
3. Nifty closed below 20SMA@5282 and 50 SMA@5339 for today making it bearish in short term. Trend is favoring bears and Sell on rise should be mantra for the positional traders.Yesterday 20 SMA@5390 and Nifty made a high of 5390. So keep a close watch on 5339 today.
4.Trading range for NF is 5380-5221....
Read the Full Story
1. FII bought 7276 Contracts of NF worth 192 cores OI also increased by 16680. Infosys results are disaster in recent time and expect a deep cut in infy. China GDP grew at 8.1% against an expectation of 8.5%. Monthly inflation data will be keenly watched
2. As Nifty Futures was up by 40 points and OI has increased by 16680,FII have created longs in Index futures.
3. Nifty closed below 20SMA@5282 and 50 SMA@5339 for today making it bearish in short term. Trend is favoring bears and Sell on rise should be mantra for the positional traders.Yesterday 20 SMA@5390 and Nifty made a high of 5390. So keep a close watch on 5339 today.
4.Trading range for NF is 5380-5221....
Read the Full Story
posted by Bramesh at
10:24 AM
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