-----Nifty at ''make or break'' levels of 2806-2830.CUES-
--Nifty March future discount increased to 6 points so cost of carry decreased.
--Nifty open interest increased by 6 lacs suggest short addition.
--Nifty call option added 12 lacs and put option added 30 lacs.
--Put-Call Ratio increased to 1.55.
--2700 puts had open interest of 69 lacs, so 2700 will be imp level to watch for.
--implied volatility increased by 50-100 basis points suggests instability.
--India VIX closed at 38.47, increased by 5% suggests instability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 2779. (UP 24)
--Positional strategy for nifty—Neutral. ( Initiate long if closes above 2790 OR Initiate short if closes below 2710)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
Trading diary for 17th march.
-Nifty was closed at-2777.
-Strategy for day was- initiate long.
-Closing stop loss was at- 2631.
-Opening range (15 minutes) - 2781-2767.
-Break out- down
-10.10AM-3.00PM trading—long avoided.
-After 3.00 PM trading- no trade.
-Carry forward- nothing.
