FII Derivative Analysis for Dec 2012 Expiry
1. FIIs bought 5766 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 163.02 cores with net Open Interest increasing by 77028 contracts.
2. As CNX Nifty Future was up by 48 points with Open Interest in Index Futures increasing by 77028, so FIIs have created longs in Nifty and Bank Nifty Futures.As discusses yesterday we have formed an NR7 day and today should be range day and nifty rallied when it mattered the most.
3. NS closed at 5905 after making high ...
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