FII FnO Analysis for 4 April trade in Nifty Future
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Bramesh Bhandari
Apr 3, 2012, 10:33:27 AM4/3/12
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Below is my Interpretation of FII OI data Sheet for 04-Apr-12.
1. FII bought 20014 Contracts of NF worth 541 cores OI also increasing by 1464 contracts.
2. As Nifty Futures was up by 32 points and OI has increased by 1464 ,which basically means small quantity of longs were added by FII.
3. Nifty closed above 20SMA@5295 which is bullish sign.Also closed above 5325 which is 50 SMA,closing above 20 and 50 SMA make it bullish in short term.
4. Nifty today's close had an important significance let me share the same with below 2 charts ...
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