CUES-
--Nifty March future discount decreased to 31 points thus cost of carry increased.
--Nifty open interest increased by 20 lacs suggests long addition.
--Nifty call option added 36 lacs and put option added 18 lacs.
--Put-Call Ratio decreased to 1.28.
--2500 put had open interest of 88 lacs, so 2500 will be imp level to watch for.
--implied volatility remains flat suggests instability.
--India VIX closed at 44.44, increased by 2% suggests instability.
--US markets closed flat.
--Asian markets trading weak.
--Sgx nifty trading at 2555. (Down 31)
--Positional strategy for nifty—Hold short with closing stoploss of 2747. (Initiated at 2674).
--Nifty March future discount decreased to 31 points thus cost of carry increased.
--Nifty open interest increased by 20 lacs suggests long addition.
--Nifty call option added 36 lacs and put option added 18 lacs.
--Put-Call Ratio decreased to 1.28.
--2500 put had open interest of 88 lacs, so 2500 will be imp level to watch for.
--implied volatility remains flat suggests instability.
--India VIX closed at 44.44, increased by 2% suggests instability.
--US markets closed flat.
--Asian markets trading weak.
--Sgx nifty trading at 2555. (Down 31)
--Positional strategy for nifty—Hold short with closing stoploss of 2747. (Initiated at 2674).
