---------Nifty is trading in a rectangle on closing basis since 6 months.---------so level of 3150-3180 will be important resistance on closing basis.
---------India VIX closed at 36.93, up 33% suggests that volatility and uncertanty will be high in coming days.CUES-
--Nifty April future premium converted to discount of 1 points so cost of carry decreased.
--Nifty open interest decreased by 108 lacs suggests long unwinding.
--New series begins with Put-Call Ratio of 1.6.
--implied volatility increased suggests instability.
--India VIX closed at 36.93, increased by 31% suggests instability and uncertainty.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3070. (up 6)
--Positional strategy for nifty—Hold Long with closing stop loss at 2940. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
--Nifty April future premium converted to discount of 1 points so cost of carry decreased.
--Nifty open interest decreased by 108 lacs suggests long unwinding.
--New series begins with Put-Call Ratio of 1.6.
--implied volatility increased suggests instability.
--India VIX closed at 36.93, increased by 31% suggests instability and uncertainty.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3070. (up 6)
--Positional strategy for nifty—Hold Long with closing stop loss at 2940. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
