Below is my Interpretation of FII OI data Sheet for 2-Feb-12.
1. FII bought 11919 Contracts of NF worth 328.75 cores OI also increased by 7895 contracts.
2. OI has increased by 7895 Contracts which means FII have moved towards long side of trade, Still no signs of shorting the index
3. Averge traded price from FII data comes at 5516 which is way higher than today's traded price of 5272, which means institution have done lot of day trading.
4. Nifty trend is strong which can be understood how the Dips on Supreme Court cancelling the licensees the dips get bought into with a sharp V shaped recovery. FII SAR 5228 ...Read the Full Story
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Rgds,
Bramesh
09985711341
http://www.brameshtechanalysis.com/
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