Below is my Interpretation of FII OI data Sheet for 16-Feb-12.
1. FII sold 11985 Contracts of NF worth 329.57 cores OI also increasing by 11051 contracts.
2. As Nifty Futures was down by 15 points and OI has increased by 11051 contracts means marginal shorts were added by FII on higher levels.
3. After a huge rally was 112 points yesterday today was a day of consolidation with a negative bias. Bears were able to dominate bulls during the morning session and Bulls were able to close index above 5500.
4. Noises for 5600-5700 are gaining lot of traction and its time to be cautious on longs also we got indication that some shorts are added by FII.
5. Today we have formed another Inside Day with harami Pattern which are bearish in nature but we need price confirmation which is yet to come close below 5500 will be the first indication.
6. Nifty OI has decreased by 10.6 lakh contract long liquidation.Total OI stands at 2.39 cores contracts.Rollover have started and 8 Lakh got rollovered to March series.
7.Total F&O turnover was 1.33 Lakh cores and total number of contract traded were 2.91 lakhs
8. In equity FII bought 184 cores DII sold 390 cores.FII has reduced there buying spree at such elevated levels.
9. FII has been a constant selleres in Stock Futures,They has sold worth 2569 cores in Feb Series with today’s selling being the highest at 946 cores, Basically Buying in cash and selling stock futures in Futures.
10. 5600 CE is having highest OI of 62 Lakhs whereas 5300 PE is having the highest OI 76 Lakhs. 5300 looks like a firm base.
11 . 5400 PE added 9 Lakh in OI with total OI at 74 lakhs. Weakness will emerge below 5400 only.
12. FII SAR for yesterday was 5538 and this was the morning high NF created and gave us few quick points. Today SAR is 5526 and VWAP at5343.
Buy above 5535 Tgt 5548,5560,5588
Sell below 5509 Tgt 5495,5464 and 5432
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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