Below is my Interpretation of FII OI data Sheet for 21 Dec.
Yesterday as i mentioned Put premium has declined sharply so put writers are not expecting any major fall and sharp and swift rally can materialize,today we have a 160 Points rally. Read Yesterday's Post(Click on Link)
1. FII bought 66,654 Contracts in NF worth 1494 Cores in Index Futures with Open Interest decreasing sharply by 49496 contracts.
2. As NF was up by 170 points with Open Interest decrease by FII . Fall in OI with fall in price means huge shorts were covered by FII.
3. Let me share an interesting Observation If we zoom to start of series ie. On 25 Nov NF closed at ...Read the Full Story
--
Rgds,
Bramesh
09985711341
http://www.brameshtechanalysis.com/
Follow on Facebook during Market Hours: http://www.facebook.com/pages/Brameshs-Tech/140117182685863
--
You received this message because you are subscribed to the Google Groups "TradingCenter" group.
To post to this group, send email to tradingcenter@googlegroups.com.
To unsubscribe from this group, send email to tradingcenter+unsubscribe@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/tradingcenter?hl=en.
Leave a comment