CUES-
--Nifty March future discount increased to 35 points thus cost of carry decreased.
--Nifty open interest increased by 16 lacs suggests short addition.
--Nifty call option added 29 lacs and put option added 26 lacs.
--Put-Call Ratio decreased to 1.36.
--2500 put had open interest of 77 lacs, so it will be imp level to watch for.
--implied volatility increased by 200 basis points suggests instability.
--India VIX closed at 43.36, increased by 6% suggests instability.
--US markets closed in red.
--Asian markets trading weak.
--Sgx nifty trading at 2595. (Down 34)
--Positional strategy for nifty—Hold short with closing stoploss of 2783. (Initiated at 2674).
--Nifty March future discount increased to 35 points thus cost of carry decreased.
--Nifty open interest increased by 16 lacs suggests short addition.
--Nifty call option added 29 lacs and put option added 26 lacs.
--Put-Call Ratio decreased to 1.36.
--2500 put had open interest of 77 lacs, so it will be imp level to watch for.
--implied volatility increased by 200 basis points suggests instability.
--India VIX closed at 43.36, increased by 6% suggests instability.
--US markets closed in red.
--Asian markets trading weak.
--Sgx nifty trading at 2595. (Down 34)
--Positional strategy for nifty—Hold short with closing stoploss of 2783. (Initiated at 2674).
