--Nifty Feb. future discount increased to 17 points thus cost of carry decreased.
--Nifty open interest decreased by 20 lacs suggests long unwinding.
--Nifty call option added 27 lacs and put option shed 7 lacs.
--Put-Call Ratio decreased to 1.22.
--2800 puts had open interest of 63 lacs, so it will be trend deciding level to watch for.
--implied volatility remains same suggest volatility.
--India VIX closed at 42.56, decreased by 2% suggests stability.
--European markets closed in red. (US markets were closed on Monday).
--Asian markets trading weak.
--Sgx nifty trading at 2810. (Down 18)
--Positional strategy for nifty—neutral (Initiate short if remains below 2874).
NOTE--These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice.
