Below is my Interpretation of FII OI data Sheet for 20 Dec.
1. FII bought 12975 Contracts in NF worth 290 Cores in Index Futures with Open Interest decreasing by 15933 contracts.
2. As NF was down by 70 points with Open Interest decrease by FII . Fall in OI with fall in price means shorts were covered by FII.
3. Capitulation in banking stocks continued and Bank Nifty is down 4.6% in first 2 days of the week.
4. Today fall has an important observation Fall was lacking...Read the Full story
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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/
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