Below is my Interpretation of FII OI data Sheet for 9-Feb-12.
1. FII sold 2114 Contracts of NF worth 57.54 cores OI also increased by 5120 contracts.
2. As Nifty Futures was up by 49 points and OI has increased by 5K contracts Longs are built into the system .
3. As we discussed yesterday the Impact of INSIDE DAY got unfolded today in last 30 mins. One way move in 15 mins and we broke 5400. The impact was not so explosive as we predicted but still gave some good points to intraday traders.
4. Trending markets can extend themselves for extended period of time.True for current rally.So please do not try to anticipate top and bottom of market. Try to find resistance points where rally can stall and use it to book profits but do not short the market till we get reversal signal.
5. Finally 5415 got broken on Upside with a new high of 5423 and close was at 5412.Still the laxam rekha was 5435-50 needs to be crossed and closed over.Tommrow we can get cleasr view as Greece package has been approved and ECB and BOE are flooding markets with liquidity.
6. Nifty OI has increased by 5 lakh contract.Total OI stands at 2.62 cores contracts, reaaching the maximum on upsdie
7.Total F&O turnover was 1.12 Lakh cores and total number of contract traded were 3.22 lakhs which were way less than yesterday. Volumes are getting less on upside.
8. In equity FII bought 1200 cores DII sold 1037 cores.DII are selling aggresivsly now.DII have sold whopping 5500 cores in Feb series till date.
9.5500 CE is having highes OI of 62 Lakhs whereas 5300 PE is having the highest OI 67 Lakhs,Below 5320 we will see the first sign of weakness.
10. Shorts were covered in 5100-5200 PE worth 12 lakh.
11. Heavy Puts writing was seen in 5300-5400 PE in total of 20 Lakhs.
12. FII SAR has increased to 5411 and VWAP at 5286.FII SAR level has been helping us todays low was 5360 FII SAR level 5358.
Buy above 5444 Tgt 5476 ,5500 and 5520
Sell below 5391 Tgt 5360,5346,5322
All levels mentioned are SPOT levels.
Either be with trend or stay out but never be against the trend to be in market for long period of time.
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl
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