FII FnO Analysis for 16 April trade in Nifty Future
Below is my Interpretation of FII OI data Sheet for 16-Apr-12.
1.
FII bought 7972 Contracts of NF worth 214.50 cores OI also
increased by 1408. Monthly inflation data will be keenly watched
2. As Nifty Futures was down by 70 points and OI has increased by 1408,FII have created fresh shorts in Index futures.
3. Nifty closed below 20SMA@5265 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.As mentioned in Facebook page 5335 being an upper end of range and NF made a high of 5330 and tanked so traders using rise to Sell would have been profitable.
4.Trading range for NF is ...
Read the Full Story
1.
FII bought 7972 Contracts of NF worth 214.50 cores OI also
increased by 1408. Monthly inflation data will be keenly watched2. As Nifty Futures was down by 70 points and OI has increased by 1408,FII have created fresh shorts in Index futures.
3. Nifty closed below 20SMA@5265 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.As mentioned in Facebook page 5335 being an upper end of range and NF made a high of 5330 and tanked so traders using rise to Sell would have been profitable.
4.Trading range for NF is ...
Read the Full Story
posted by Bramesh at
6:59 AM
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