FII FnO Analysis for 19 April trade in Nifty Future
Below is my Interpretation of FII OI data Sheet for 19-Apr-12.
1. FII bought 22667 Contracts of NF worth 589.47 cores OI also increased by 20869.
2. As Nifty Futures was up by 3 points and OI has increased by 20869, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.
3. Nifty closed above 20SMA@5262 first sign of strength but unable to close above 50 SMA@5338. Above 50 SMA Bulls rule and trend becomes stronger. Today we did moved above 50 SMA and made a high of 5342 but unable to sustain above it. Till Nifty is closing above 20 SMA dips near 5262 should be bought into.
4.Trading range is still active 5380-5221. NF made a high..
Read the Full Story
1. FII bought 22667 Contracts of NF worth 589.47 cores OI also increased by 20869.
2. As Nifty Futures was up by 3 points and OI has increased by 20869, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.
3. Nifty closed above 20SMA@5262 first sign of strength but unable to close above 50 SMA@5338. Above 50 SMA Bulls rule and trend becomes stronger. Today we did moved above 50 SMA and made a high of 5342 but unable to sustain above it. Till Nifty is closing above 20 SMA dips near 5262 should be bought into.
4.Trading range is still active 5380-5221. NF made a high..
Read the Full Story
posted by Bramesh at
8:23 PM
0 Comments:
Post a Comment
Note: Only a member of this blog may post a comment.
Subscribe to Post Comments [Atom]
<< Home