FII Derivative Data Analysis for Nifty Future May 2012 Expiry

1. FII  sold 8832  Contracts of NF worth 254 cores OI also increased by 40572.
2. As Nifty Futures was down  by 48 points and OI has increased  by 40572 , ie Fall in Price with Rise in Open Interest,Fresh shorts were added by FII.
3. Nifty today closed below 4955 ie. 20 SMA which is technically bearish,Till it trades above 4920 bulls have upper hand. As Expiry is nearing and we have these grinding moves so that premium of calls and puts gets eaten away by Option Writers. 4900 PE which was trading at 17 in morning closed at Rs 12 even though NF made a low of 4945 so time value is eaten by writers.
4. From the start of May Series view was Sell in may and ...

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