CUES-
--Nifty March future discount increased to 1.3 points so cost of carry decreased.
--Nifty open interest increased by 47 lacs suggests short addition.(nifty total open interest is of 4.76cr which is dangerous)
--Nifty call option added 15 lacs and put option added 29 lacs.
--Put-Call Ratio increased to 1.82.
--implied volatility decreased by 500 basis points suggests stability.
--India VIX closed at 28.18, decreased by 23% suggests stability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3004. (up 11)
--Positional strategy for nifty—Hold Long with closing stop loss at 2882. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
