Below is my Interpretation of FII OI data Sheet for 17-Jan-11.
1. FII bought 42432 Contracts in NF worth 1046 Cores in Index Futures with Open Interest increasing by 42548 contracts.
2. As Nifty Future was up by 86 points and OI has increased today, with rise in price so FII are long in Index futures.As we have discussed 5 days before No shorts above 4800 Click on Link to read and Nifty low was 4804...Read the full Story
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Rgds,
Bramesh
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