CUES-
--Nifty March future discount decreased to 5 points so cost of carry increased.
--Nifty open interest increased by 7 lacs suggests long addition.
--Nifty call option added 7 lacs and put option added 5 lacs.
--Put-Call Ratio decreased to 1.59.
--2700 puts had open interest of 76 lacs, so 2700 will be imp level to watch for.
--implied volatility decreased by 200 basis points suggests stability.
--India VIX closed at 34.86, decreased by 3% suggests stability.
--US markets closed in red.
--Asian markets trading strong.
--Sgx nifty trading at 2847. (up 39)
--Positional strategy for nifty—Hold Long with closing stop loss at 2766. (Initiated at 2794)
