RM's OI sheet is updated : https://docs.google.com/spreadsheet/ccc?key=0Ase3dtbFwQWUdFFpWFFudkx1VV9XVUQ1cjllVlFyVGc#gid=0
The Delta charts show shorts lifting in NF FEb and adding up in NF march
Both charts are below :
NF march :
The bankNifty contimues to hold on to the shorts.
But current price of the future (feb) is at the lower green 2SD line and hence a oversold bounce or a consolidation is in order.
Chances of a further move down from a 2SD line is about 5% per the SD theoretical data.