Below is my Interpretation of FII OI data Sheet for 19-Jan-11.
1. FII bought 45614 Contracts in NF worth 1133 Cores in Index Futures with Open Interest increasing by 30362 contracts.
2. As Nifty Future was up by 64 points and OI has increased today, with rise in price so FII have created fresh longs in Index futures.Nifty is moving from gap to gap ie.Opening Gap up and than just consolidating through out the day. Day traders have nothing left to trade and earn after huge gap up.
3. As per yesterdays post we expected to ....Read the Full Story
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Rgds,
Bramesh
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