2012 started with a bearish noises all around and traders shorting stocks index on every rise. Investors were not deploying cash thinking of getting stocks at more lower levels. But market always move against the mass psychology and its Proved TRUE yes again. 
Nifty is up 9.2% in January 2012 Till date.In fact, this is best performance in January Month in last 10 years . The rise is driven by FII Funds Flows and anticipation of RBI easing rates after monetary tightening cycles of past 2 years . RBI …

An avaricious or keen desire for profits is one of the most prevalent causes of failure in speculation. This weakness is general among traders. They desire “just a little more ” profit. If the stock or commodity bought advances, then that’s proof to them that it will advance further and so they hang on. They usually overstay and thus miss their market. If they fail to obtain the top price and it reacts, then they assure or console themselves by the expression: “Oh, it will come back.” It may “come …

Below is my Interpretation of FII OI data Sheet for 19-Jan-11.
 

1. FII  bought  45614  Contracts in NF worth 1133  Cores in Index Futures with Open Interest increasing  by 30362 contracts.
2. As Nifty Future  was up  by 64  points and OI has increased today, with rise in price so FII have created fresh longs   in Index futures.Nifty is moving from gap to gap ie.Opening Gap up and than just consolidating through out the day. Day traders have nothing left to trade and earn after huge gap up.
3. As per yesterdays post …

AXIS Bank

 
Axis bank took support at its 930 which is 50 SMA and bottom of the channel. Volumes were low on a down day.
Now there are 2 distinct possibility
1. Break 50 SMA and correction till 20 SMA
2. Bounce from channel low and move towards 100 SMA

Buy above 954 Tgt 969 and 980
Sell below 930 TGt 919 and 905
 
ITC Limited

 
Trading in a channel with trendline resistance at 210

Sell below 209 tgt 207.6,205.4 and 204
Buy above 211.3 Tgt 212.8 and 215
 
Jubilant Food
Took support at 200 DMA.

Buy above 825 Tgt 840,855 and …

Below is my Interpretation of FII OI data Sheet for 18-Jan-11.

1. FII  sold 15129  Contracts in NF worth 350  Cores in Index Futures with Open Interest increasing  by 687 contracts.
2. As Nifty Future  was down by 20  points and OI has increased today, with fall in price so FII have booked profit  in Index futures.But still no sign of shorting the index are visible.
3. Today was an expected to be a day of consolidation after a rise of 86 points yesterday and trading was dull in most part of the day …