FII FnO Analysis for 27 April trade in Nifty Future
Below is my Interpretation of FII OI data Sheet for 26-Apr-12.
1. FII sold 13099 Contracts of NF worth 348 cores OI decreased by 188754.
2. As Nifty Futures was down by 12 points and OI has increased by 188754 , ie.Fall in Price with Fall in Open Interest,long liquidation by FII.
3. Today we have weekly closing, close below 5189 will turn weekly time frame down. On Monday we have Monthly closing watch out for 5217 any close below this will be bearish f0r 2012. April Series has done nothing From March to April expiry Nifty just moved 11 points :)
4. Range for Nifty Futures for May series as per Rollover data comes to...
Read the Full Story
1. FII sold 13099 Contracts of NF worth 348 cores OI decreased by 188754.
2. As Nifty Futures was down by 12 points and OI has increased by 188754 , ie.Fall in Price with Fall in Open Interest,long liquidation by FII.
3. Today we have weekly closing, close below 5189 will turn weekly time frame down. On Monday we have Monthly closing watch out for 5217 any close below this will be bearish f0r 2012. April Series has done nothing From March to April expiry Nifty just moved 11 points :)
4. Range for Nifty Futures for May series as per Rollover data comes to...
Read the Full Story
posted by Bramesh at
6:35 AM
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