Below is my Interpretation of FII OI data Sheet for 31-Jan-12.

1. FII bought 15051 Contracts of NF worth 382 cores OI also increased by 4919 contracts.
2. Nifty Futures was able to cover up all the looses made yesterday ended up by 117 points,As OI also increased by 4919 contracts longs were added into the system.
3. We have clearly mentioned yesterday there were no indication of shorting from BIg Boys and today we saw the effect. Hope the timely warning helped trader and avoided shorting the INDEX
4. Today Nifty made one …

Double Tops:
A double top is a reversal chart pattern which is defined by a chart where a Stock makes a run up to a particular level, then drops back from that level, then makes a second run at that level, and then finally drops back off again.
In its most basic sense what the double top pattern is saying about supply and demand forces is that demand is out pacing supply (buyers are winning) up to the first top causing prices to rise, and then the …