FII FnO Analysis for 20 April trade in Nifty Future
Below is my Interpretation of FII OI data Sheet for 19-Apr-12.
1. FII bought 26250 Contracts of NF worth 653.11 cores OI also increased by 23040.
2. As Nifty Futures was up by 33 points and OI has increased by 23040, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.
3. Nifty closed above 20SMA@5265 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 5265 should be bought into.
4.Trading range is still active 5380-5221. NF made a hig of 5361 and turned back so range is still active :)
5. Trendline which we have been discussing from past 1 week resistance comes at 5310.Today we closed above ...
Read the Full Story
1. FII bought 26250 Contracts of NF worth 653.11 cores OI also increased by 23040.
2. As Nifty Futures was up by 33 points and OI has increased by 23040, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.
3. Nifty closed above 20SMA@5265 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 5265 should be bought into.
4.Trading range is still active 5380-5221. NF made a hig of 5361 and turned back so range is still active :)
5. Trendline which we have been discussing from past 1 week resistance comes at 5310.Today we closed above ...
Read the Full Story
posted by Bramesh at
8:47 PM
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