FII FnO Data Analysis for 28 Feb Trade for Nifty Futures

Below is my Interpretation of FII OI data Sheet for 27-Feb-12.

 

Today was the day many bears might have rejoiced if they are still holding the shorts ;) It was a relentless fall in recent times with no pullback coming,Another thing to note is correction always come point to point which basically traps a intraday trader and he need to square off his position if he do not have a holding power.

 

1. FII sold   29565  Contracts of NF worth 763.03  cores OI also decreasing  by 24841 contracts.

2. As Nifty Futures was down by 148  points (Biggest fall in past 6 months) and OI has decreased by 28421  contracts means profit booking in shorts. We had already pointed out in 24 Feb analysis that FII has started shorting the index. But today they has booked profits and have not entered in fresh shorts.

3. Correction are always fast and furious which can be acknowledged from the fact that ...

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

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