FII FnO Data Analysis for 21 march Trade for Nifty Futures

Below is my Interpretation of FII OI data Sheet for 20-Mar-12.

1. FII  sold  7151  Contracts of NF worth 193 cores OI also decreasing  by 6577 contracts.

2. As Nifty Futures was up by 19  points and OI has decreased by 6577  contracts means  institutions have booked profit  Nifty Future shorts.
3. Nifty   50SMA@5252, Close below this is first indication of a bearish market from medium term perceptive. For immediate short term we are in bearish trend till we are trading below 20 SMA@5353.
4. Today was a Sideways day with volatile trend in market as volatility has collapsed from 27 to 22. Nifty is consolidating before the crucial 50 SMA and most important of all...

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