Below is my Interpretation of FII OI data Sheet for 6-Feb-12.
1. FII bought 11567 Contracts of NF worth 318.57 cores OI also increased by 58673 contracts.
2. OI has increased by 58673 Contracts the highest in Feb series which means FII are still towards to long side of trade. Still no signs of shorting the index
3. Average traded price from FII data comes at 5508 which is way higher than today's traded price of 5372, which means institution have done lot of day trading.Nifty was quiet volatile and gave good trades for intraday players.
4. Nifty trend is strong which can be understood how the DipsRead the Full Story
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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/
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