CUES-
--Nifty March future discount decreased to 15 points thus cost of carry increased.
--Nifty open interest decreased by 14 lacs suggests short covering.
--Nifty call option added 26 lacs and put option added 32 lacs.
--Put-Call Ratio decreased to 1.27.
--2500 put had open interest of 92 lacs, so 2500 will be imp level to watch for.
--implied volatility decreased by 200 basis points suggests stability.
--India VIX closed at 42.77, decreased by 4% suggests stability.
--US markets closed in green.
--Asian markets trading strong.
--Sgx nifty trading at 2660. (up 25)
--Positional strategy for nifty—Hold short with closing stoploss of 2703. (Initiated at 2674).
