--Nifty March future discount decreased to 3 points thus cost of carry increased.
--Nifty open interest decreased by 5.6 lacs suggests short covering.
--Nifty call option shed 21 lacs and put option added 40 lacs.
--Put-Call Ratio increased to 1.40.
--2500 put had open interest of 86 lacs, so 2500 will be imp level to watch for.(similar OI build up was seen in October at 3800 put…..so be carefull)
--implied volatility decreased by 100 basis points suggests stability.
--India VIX closed at 35.51, decreased by 10% suggests stability.
--US markets closed in green
--Asian markets trading strong.
--Sgx nifty trading at 2722. (UP 1)
--Positional strategy for nifty—Initiate long. (Initiated at 2719).
VISIT THE PAGE http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
