Below is my Interpretation of FII OI data Sheet for 22 Dec.
1. FII bought 13,230 Contracts in NF worth 298 Cores in Index Futures with Open Interest decreasing by 1020 contracts.
2. As NF was up by 40 points with Open Interest decrease by FII . Fall in OI with Rise in price means shorts were covered by FII and they have initiated longs also as OI decrease was meagre 1020 contracts
3. Net Exposure of FII for the December Series is 1403 contracts which i am assuming are longs. As FII goes on Holiday from 24 December there commitments towards market has come down considerably.
3. Banks which led the fall for Nifty were the best performers as ...Read the Full Story
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Rgds,
Bramesh
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