CUES-
--Nifty March future discount decreased to 6 points so cost of carry increased.
--Nifty open interest increased by 2 lacs suggests long addition.
--Nifty call option shed 0.3 lacs and put option added 13 lacs.
--Put-Call Ratio increased to 1.61.
--2700 puts had open interest of 80 lacs, so 2700 will be imp level to watch for.
--implied volatility increased by 100 basis points suggests instability.
--India VIX closed at 35.98, decreased by 4% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 2776. (down 24)
--Positional strategy for nifty—Hold Long with closing stop loss at 2754. (Initiated at 2794)
