Below is my Interpretation of FII OI data Sheet for 26 Dec.
1. FII bought 12,404 Contracts in NF worth 272 Cores in Index Futures with Open Interest increasing by 4984 contracts.
2. As NF was up by 68 points with Open Interest increase by FII . Rise in OI with Rise in price means longs were created by FII .
3. Net Exposure of FII for the December Series is 42,958 contracts which i am assuming are longs. Now this figure will be shocker to hard core bears as doomsday Sayers were predicting a fall till 4300,4100 in Nifty Future in Dec Month.
4. Today rise was on volumes of...Read the Full Story
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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/
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