FII FnO Analysis for 17 April trade in Nifty Future
Below is my Interpretation of FII OI data Sheet for 16-Apr-12.
1. FII sold 12620 Contracts of NF worth 333.58 cores OI also decreased by 400. FII going into RBI credit policy with lighten positions.
2. As Nifty Futures was up by 27 points and OI has decreased by 400,FII have liquidated there longs.Rise in Price with fall in Open Intrest
3. Nifty closed below 20SMA@5262 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.With the smart recovery seen today from 5183 still trend is favoring bears as nifty is trading below important averages.
4.Trading range for NF is ..
Read the Full Story
1. FII sold 12620 Contracts of NF worth 333.58 cores OI also decreased by 400. FII going into RBI credit policy with lighten positions.
2. As Nifty Futures was up by 27 points and OI has decreased by 400,FII have liquidated there longs.Rise in Price with fall in Open Intrest
3. Nifty closed below 20SMA@5262 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.With the smart recovery seen today from 5183 still trend is favoring bears as nifty is trading below important averages.
4.Trading range for NF is ..
Read the Full Story
posted by Bramesh at
8:21 PM
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