FII F&O Data analysis for 05 Jan trade in Nifty future

Below is my Interpretation of FII OI data Sheet for 4-Jan-11.

 

1. FII sold   6528  Contracts in NF worth 148 Cores in Index Futures with Open Interest increasing  by 17730 contracts.

2. As NF  was down by 23 points and OI has increased today, As price was down marginally and FII were sellers so i am coming to conclusion they shorted more at higher level. To add to my fact is Nifty is unable to cross the resistance of 4800. It made 3 attempt today 4773,4781 and 4783  and all were sold off.  So means selling pressure is coming to higher end.

3. Today trade in NF was  ...

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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/

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