CUES-
--Nifty Feb. future discount increased to 6 points thus cost of carry decreased.
--Nifty open interest decreased by 7 lacs suggests long unwinding.
--Nifty call option added 10 lacs and put option shed 7 lacs.
--2800 puts had open interest of 87 lacs, so it will be a trend deciding level to watch for.
--Put-Call Ratio decreased to 1.26.
--Implied Volatility of options decreased by 150 basis points indicates bullishness.
--India VIX closed at 45.65, decreased by 2% suggests stability.
--US markets closed flat.
--Asian markets trading sfrong.
--Sgx nifty trading at 2915. (up 23)
--Positional strategy for nifty—Hold Long with closing stop loss of 2885. (Initiated at 2843)
