FII Derivative Analysis for Nifty Future trade on 1 Jan 2013

1. FIIs  sold 8221  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 250.46 cores with net Open Interest decreasing by 6665 contracts.
2. As CNX Nifty Future was down by 3 points with Open Interest in Index Futures decreasing by 6665, so FIIs have booked profit in longs  in  Nifty and Bank Nifty Futures.Nifty Futures  has been trading in tight range with  lowest volume of 2012 as most of FII have gone for holidays.

3. NS closed at 5905 after making high ...


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