CUES-
--Nifty Feb. future discount decreased to 2 points thus cost of carry increased.
--Nifty open interest increased by 11 lacs suggests long accumulation.
--Nifty call option added 9 lacs and put option added 14 lacs.
--2800 puts had open interest of 92 lacs, so it will be a trend deciding level to watch for.
--Put-Call Ratio increased to 1.35.
--Implied Volatility of options increased by 200 basis points indicates bearishness.
--India VIX closed at 46.65, increased by 4% suggests instability.
--US markets closed in green.
--Asian markets trading weak.
--Sgx nifty trading at 2905. (down 25)
--Positional strategy for nifty—Hold Long with closing stop loss of 2870. (Initiated at 2843)
