FII F&O Data analysis for 12 Jan trade in Nifty future

Below is my Interpretation of FII OI data Sheet for 11-Jan-11.

1. FII bought   11927 Contracts in NF worth 271.13  Cores in Index Futures with Open Interest increasing  by 13137 contracts.
2. As NF  was up by 2  points and OI has increased today, with rise in price so FII have created long in Index futures.Dips which came near 4845-50 were aggressively bought into.
3.After a big rise of 120 points   on Tuesday best case  for BULLS was to have a consolidation day with positive bias as we have three major events lined up tomorrow Infosys results  before market hours and IIP data at 11 AM  and also Inflation data and that will decide the further trend of market.

4. Today FII OI is ...

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