Below is my Interpretation of FII OI data Sheet for 01-Mar-12.
1. FII sold 13465 Contracts of NF worth 351.60 cores OI also decreasing by 13253 contracts.
2. As Nifty Futures was down by 49 points and OI has increased by 13253 contracts means profit booking on shorts which were created yesterday,Also we are seeing Profit Booking in carry over Longs from previous series as SAR level is coming down.
3. Nifty has for third day....
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Rgds,
Bramesh
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