Below is my Interpretation of FII OI data Sheet for 18-Jan-11.
1. FII sold 15129 Contracts in NF worth 350 Cores in Index Futures with Open Interest increasing by 687 contracts.
2. As Nifty Future was down by 20 points and OI has increased today, with fall in price so FII have booked profit in Index futures.But still no sign of shorting the index are visible.
3. Today was an expected to be a day of consolidation after a rise of 86 points yesterday and trading was dull in most part of the day with no major moves coming. But consolidation BULLS were winner as they were able to defend the 100 SMA@4831.
4. NF total OI was at 2.1 cores with 14 Lakh liquidation in OI,Profit booking was seen by retailers/HNI and DII.
5.FII OI 552296 is......Read the Full Story
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Rgds,
Bramesh
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