--February series will close today. ( January series closed at 2824)
--Nifty Feb. future discount decreased to 5 points thus cost of carry increased.
--Nifty open interest decreased by 4 lacs suggests short covering.
--Nifty call option added 11 lacs and put option added 18 lacs.
--Put-Call Ratio increased to 1.12.
--implied volatility decreased by 300 basis points suggests stability.
--India VIX closed at 41.94, decreased by 7% suggests stability.
--US markets closed in red.
--Asian markets trading strong.
--Sgx nifty trading at 2752.
--Positional strategy for nifty—Hold short with closing stop loss of 2775. (Initiated at 2848).
