CUES-
--Nifty Feb. future discount decreased to 12.9 points thus cost of carry increased.
--Nifty open interest decreased by 0.5 lacs suggests short covering.
--Nifty call option added 16 lacs and put option added 21 lacs.
--Put-Call Ratio increased to 1.14.
--2700 puts had open interest of 58 lacs and now it will be important level to watch for.
--implied volatility decreased by 150 basis points suggests sideway trading. (OI increased of puts and calls both and IVs decreased in both suggest call and put writing)
--India VIX closed at 43.04, decreased by 2% suggests stability.
--US markets closed flat.
--Asian markets trading weak.
--Sgx nifty trading at 2742. (Down 25)
--Positional strategy for nifty—Hold short with closing stop loss of 2871. (Initiated at 2848).
--Nifty Feb. future discount decreased to 12.9 points thus cost of carry increased.
--Nifty open interest decreased by 0.5 lacs suggests short covering.
--Nifty call option added 16 lacs and put option added 21 lacs.
--Put-Call Ratio increased to 1.14.
--2700 puts had open interest of 58 lacs and now it will be important level to watch for.
--implied volatility decreased by 150 basis points suggests sideway trading. (OI increased of puts and calls both and IVs decreased in both suggest call and put writing)
--India VIX closed at 43.04, decreased by 2% suggests stability.
--US markets closed flat.
--Asian markets trading weak.
--Sgx nifty trading at 2742. (Down 25)
--Positional strategy for nifty—Hold short with closing stop loss of 2871. (Initiated at 2848).
