CUES-
--Nifty March future discount decreased to 1.5 points so cost of carry increased.
--Nifty open interest increased by 33 lacs suggests long addition.(nifty total open interest is of 4.07cr which is dangerous)
--Nifty call option shed 15 lacs and put option added 63 lacs.
--Put-Call Ratio increased to 1.78.
--implied volatility increased by 700 basis points suggests uncertainty.
--India VIX closed at 37.63, increased by 8% suggests instability.
--US markets closed in green.
--Asian markets trading strong.
--Sgx nifty trading at 2978. (up 33)
--Positional strategy for nifty—Hold Long with closing stop loss at 2784. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
