FII F&O Data analysis for 04 Dec trade in Nifty future

Below is my Interpretation of FII OI data Sheet for 3-Jan-11.

 

 

1. FII bought   32,722 Contracts in NF worth 765.93 Cores in Index Futures with Open Interest increasing  by 24,178 contracts.

2. As NF  was  up  by 136  points  with Open Interest increase by  FII . Rise  in OI with Rise  in price means  shorts were squared off still no indication of Long entry by FII in Nifty Futures. We get such sharp and swift rally the last one was on 21 Dec  in a while and it gets fade off  in subsequent session,This has been trend from past many month will it be different this time?

3. We discussed the possibility of reversal yesterday and it got materialized today confirmation came in first 15 min only when Nifty Spot got comfortably traded above 4690 which was first resistance as per our Weekly Analysis.

4. For Candlestick follower yesterday we formed a DragonFly Doji on Daily charts which is considered a candle for reversal and today we formed a White....

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Rgds,
Bramesh
09985711341

http://www.brameshtechanalysis.com/

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