Below is my Interpretation of FII OI data Sheet for 8-Feb-12.
FII bought 6236 Contracts of NF worth 184.34 cores OI also increased by 17268 contracts.
2. As Nifty Futures was up by 33 points and OI has increased by 17K contracts Longs are built into the system .
3. Nifty after Long time showed some volatility for day traders up in morning by 67 points than down to -4 and settled with 33 points of gains. FII did lot of day trading today as there averge traded price came to 5912 .
4. Yesterday we talked about the bearish engulfing pattern today Nifty formed .....
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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/
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