--Nifty Feb. future discount decreased to 16.9 points thus cost of carry increased.
--Nifty open interest decreased by 2.4 lacs suggests short covering.
--Nifty call option added 27 lacs and put option shed 3 lacs.
--Put-Call Ratio decreased to 1.12.
--2800 puts had open interest of 49 lacs and now 2800 level is also broken. (OI reduced by 43 lacs in 4 days).
--implied volatility decreased by 100 basis points suggests bearishness. (OI of calls increased and IVs decreased so call writing)
--India VIX closed at 44.00, increased by 3% suggests instability.
--US markets closed in red.
--Asian markets trading weak.
--Sgx nifty trading at 2730. (Down 31)
--Positional strategy for nifty—Hold short with closing stop loss of 2926. (Initiated at 2848).
NOTE--These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice.
