CUES-
--Nifty April future discount converted to premium of 16 points so cost of carry increased.
--Nifty open interest increased by 12 lacs suggests long addition.
--Nifty call option added 32 lacs and put option added 43 lacs.
--Put-Call Ratio decreased to 1.51.
--implied volatility increased by 100 basis points suggests instability.
--India VIX closed at 37.14, increased by 1% suggests instability.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 3079. (down 47)
--Positional strategy for nifty—Hold Long with closing stop loss at 2987. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
