1. FII  sold 13686  Contracts of NF worth 314 cores OI also increased by 77488.
2. As Nifty Futures was down  by 26 points and OI has increased  by 77488 , ieFall in Price with Rise in Open Interest,Fresh shorts were added by FII.
Today we saw an huge increase in OI and with S&P coming with a negative outlook on Indian Sovereign and Downgrading the 3 IT top boys Infy,TCS and Wipro and also downgraded  11 financial institutions:
Axis Bank Ltd. (BBB-/Negative/A-3) Bank of India (BBB-/Negative/A-3) HDFC Bank Ltd. (BBB-/Negative/A-3) ICICI Bank …

Below is my Interpretation of FII OI data Sheet for 24-Apr-12.

1. FII  sold 2194  Contracts of NF worth 32 cores OI also increased by 19824.
2. As Nifty Futures was up  by 25 points and OI has increased  by 19824 , ieRise in Price with Rise in Open Interest,Fresh longs were added by FII.Again we are saved by the crucial number of 5178 and still trading in a range.
3. Nifty  closed below 20SMA@5257 and was unable to cross our Buy level 5233 making a bearish case for today.As Nifty has closed …

Below is my Interpretation of FII OI data Sheet for 23-Apr-12.

1. FII  sold 21091  Contracts of NF worth 509 cores OI also increased  marginally by 6119.
2. As Nifty Futures was down  by 103 points and OI has increased  by 6119 , ie.Fall in Price with Rise in Open Interest,Fresh shorts were added by FII.
3. Nifty  closed below 20SMA@5260 before making multiple attempts  to close above 50 SMA@5337 .As Nifty has closed below 5260 trend has changed dramatically. This is the beauty of sideways range bound market that a small fall …

Below is my Interpretation of FII OI data Sheet for 20-Apr-12.

1. FII  sold 5957  Contracts of NF worth 102.69 cores OI also increased  marginally by 3397.
2. As Nifty Futures made a dramatic low of 5000 with a fall of  300 points in 2.5 minutes by the Algo trading hitch by CLSA and recovery equally faster, by closing was down  by 54 points and OI has increased  by 3397, ie.Fall in Price with Rise in Open Interest,Fresh shorts were added by FII.
3. Nifty  closed above 20SMA@5262 first sign of strength but …

“The ability to accept the many ups and downs of the market is one of the most important skills a trader can have.”
This is an Apt one liner on what happened on Friday at 2:30 PM.  “Flash Crash” happened in NF

The Nifty futures crashed over 300 points in afternoon trade, Nifty April futures plunged to a low of 5,000. A total of 51.49 lakh shares were traded between 2.25 pm-2.35 pm.
Infosys April futures hit a low of Rs 1,950 at 10.45 am. 67250 Infosys got traded in which it made …

As traders we have two general ways to engage financial markets.  First, we can conduct intensive research on macroeconomic drivers, fundamental news releases, and key economic data and come to a conclusion concerning the future direction of a specific financial asset; then, once the research has been conducted and a decision has been made, we enter a position.  Second, we can look at charts depicting current and historical prices of a financial asset and apply a myriad of technical indicators in order to determine what direction price may be headed …

How much training you need depends on the job you want. If you want to be a janitor, an hour of training might do. Just learn to attach a mop to the right end of the broomstick and find a pail without holes.If, on the other hand, you want to fly an airplane or do surgery, you’ll have to learn a great deal more. Trading is closer to flying a plane than to mopping a floor, meaning you’ll need to invest a lot of time and energy in mastering this …

Below is my Interpretation of FII OI data Sheet for 19-Apr-12.

1. FII  bought 26250  Contracts of NF worth 653.11 cores OI also increased  by 23040.
2. As Nifty Futures was up  by 33 points and OI has increased  by 23040, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.
3. Nifty  closed above 20SMA@5265 first sign of strength but unable to close above 50 SMA@5338. Above 50 SMA Bulls rule and trend becomes stronger. Today we did moved above 50 SMA and made a high of 5342 but …

Below is my Interpretation of FII OI data Sheet for 19-Apr-12.

1. FII  bought 22667  Contracts of NF worth 589.47 cores OI also increased  by 20869.
2. As Nifty Futures was up  by 3 points and OI has increased  by 20869, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.
3. Nifty  closed above 20SMA@5262 first sign of strength but unable to close above 50 SMA@5338. Above 50 SMA Bulls rule and trend becomes stronger. Today we did moved above 50 SMA and made a high of 5342 but …

Below is my Interpretation of FII OI data Sheet for 17-Apr-12.

1. FII  bought 20582  Contracts of NF worth 503.41 cores OI also increased  by 17768.Surprise Rate cut of 50 BPS is a welcome booster for Bulls. Listless market which was lacking triggers got a boost of liquidity from RBI
2. As Nifty Futures was up  by 71 points and OI has increased  by 17768, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.
3. Nifty  closed above 20SMA@5260 first sign of strength next trigger being  and 50 SMA@5339. …