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 …

Traders come to the markets with great expectations, but few make profits and most wash out. A successful trader must hop over several high hurdles—and keep hopping. Being better than average is not good enough—you have to be head and shoulders above the crowd. You can win only if you have both knowledge and discipline.
Ashok Leyland
 

Ashok Leyland has taken support at its trendline and shown a bounce back with good increase in volume.

Buy above 29.6 Tgt 29.85,30.15 and 31

 
IRB
IRB is showing a breakout out of pennant formation coupled with volumes. …

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. …

In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow you to indulge yourself in the illusion that each trade has the potential of fulfilling your wildest dream of financial independence. Based on the consistency of market participants and their potential to act as a …

Below is my Interpretation of FII OI data Sheet for 16-Apr-12.
1. FII  sold 12620  Contracts of NF worth 333.58 cores OI also decreased  by 400. FII going into RBI credit policy with lighten positions.

2. As Nifty Futures was up  by 27 points and OI has decreased  by 400,FII have liquidated there longs.Rise in Price with fall in Open Intrest
3. Nifty  closed below 20SMA@5262 and 50 SMA@5339  for today making it bearish in short term. Trend is favoring bears and Sell on rise should be mantra for the positional traders.With the …