FII FnO Data Analysis before Jan expiry

Below is my Interpretation of FII OI data Sheet for 24-Jan-11.

1. FII  bought  6911  Contracts in NF worth 184.64  Cores in Index Futures with Open Interest increasing  by 33701 contracts.

2. As Nifty Future  was up  by 70  points and OI has increased today, with rise in price so FII have created fresh longs   in Index futures.RBI played a crucial role in yesterday breakout above 5068. Nifty moved above 5068 which was a breakout trade,and closed above 5100.We gave indication 3 days before when we saw Liquidation of 5100 CE which signify BUll power have even strengthen and today we are above 5100. Hope traders are not short in market.

4. NF total Jan OI was at 1.29 cores with 29 Lakh liquidation  in  OI....

Read the full story

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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/

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