Below is my Interpretation of FII OI data Sheet for 21-Feb-12.
1. FII sold 2833 Contracts of NF worth 55.41 cores OI also increasing by 41487 contracts. The OI for FII is inclusive of all months, so it rules out rollover.
2. As Nifty Futures was up by 32 points and OI has increased by 41487 contracts means longs were added by FII on net to net basis.
3. Today Nifty Future closed at 7 month high 5622 backed by liquidity by Central Banks around the world. Make money till musics lasts.
4. Nifty Feb OI has decreased by massive 57 lakh .Total OI stands at 1.64 cores contracts.Rollover have started and 70 Lakh got rollovered to March series implying whole 57 Lakh got rollovered with fresh 13 lakh addition. Will Bullishness be carried over to March Series ?
5. As 57 Lakhs got rollovered today when Nifty March Future made a low of 5614 and High of 5674 implying 5614 be an important support levels for March Series.
7.Total F&O turnover was...Read the Full Story
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Rgds,
Bramesh
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