FII FnO Analysis for 23 April trade in Nifty Future
Below is my Interpretation of FII OI data Sheet for 20-Apr-12.
1. FII sold 5957 Contracts of NF worth 102.69 cores OI also increased marginally by 3397.
2. As Nifty Futures made a dramatic low of 5000 with a fall of 300 points in 2.5 minutes by the Algo trading hitch by CLSA and recovery equally faster, by closing was down by 54 points and OI has increased by 3397, ie.Fall in Price with Rise in Open Interest,Fresh shorts were added by FII.
3. Nifty closed above 20SMA@5262 first sign of strength but unable to close above 50 SMA@5337 . Above 50 SMA Bulls rule and trend becomes stronger. On Friday we made 3 attempt to close above 50 SMA but unable to cross and close above it. Till Nifty is closing above 20 SMA dips near 5262 should be bought into.
4. Its been 14 trading session in April Series and Trading range of..
Read the Full Story
1. FII sold 5957 Contracts of NF worth 102.69 cores OI also increased marginally by 3397.
2. As Nifty Futures made a dramatic low of 5000 with a fall of 300 points in 2.5 minutes by the Algo trading hitch by CLSA and recovery equally faster, by closing was down by 54 points and OI has increased by 3397, ie.Fall in Price with Rise in Open Interest,Fresh shorts were added by FII.
3. Nifty closed above 20SMA@5262 first sign of strength but unable to close above 50 SMA@5337 . Above 50 SMA Bulls rule and trend becomes stronger. On Friday we made 3 attempt to close above 50 SMA but unable to cross and close above it. Till Nifty is closing above 20 SMA dips near 5262 should be bought into.
4. Its been 14 trading session in April Series and Trading range of..
Read the Full Story
posted by Bramesh at
7:40 AM
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