CUES-
--Nifty March future discount decreased to 1.05 points so cost of carry increased.
--Nifty open interest increased by 22 lacs suggests long addition.(nifty total open interest is of 4.29cr which is dangerous)
--Nifty call option added 5 lacs and put option added 24 lacs.
--Put-Call Ratio increased to 1.81.
--implied volatility increased by 400 basis points suggests uncertainty.
--India VIX closed at 36.85, decreased by 2% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 2931. (up 15)
--Positional strategy for nifty—Hold Long with closing stop loss at 2832. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
