CUES-
--markets will be closed on Tuesday and Wednesday.
--Nifty March future discount decreased to 11.5 points thus cost of carry increased.
--Nifty open interest decreased by 10 lacs suggests short covering.
--Nifty call option added 8 lacs and put option added 51 lacs.
--Put-Call Ratio increased to 1.28.
--2500 put had open interest of 102 lacs, so 2500 will be imp level to watch for.(similar OI build up was seen in October at 3800 put…..so be carefull)
--implied volatility decreased by 200 basis points suggests stability.
--India VIX closed at 37.97, decreased by 8% suggests stability.
--US markets closed flat.
--Asian markets trading weak.
--Sgx nifty trading at 2575. (down 37)
--Positional strategy for nifty—Hold short with closing stoploss of 2649. (Initiated at 2674).
--markets will be closed on Tuesday and Wednesday.
--Nifty March future discount decreased to 11.5 points thus cost of carry increased.
--Nifty open interest decreased by 10 lacs suggests short covering.
--Nifty call option added 8 lacs and put option added 51 lacs.
--Put-Call Ratio increased to 1.28.
--2500 put had open interest of 102 lacs, so 2500 will be imp level to watch for.(similar OI build up was seen in October at 3800 put…..so be carefull)
--implied volatility decreased by 200 basis points suggests stability.
--India VIX closed at 37.97, decreased by 8% suggests stability.
--US markets closed flat.
--Asian markets trading weak.
--Sgx nifty trading at 2575. (down 37)
--Positional strategy for nifty—Hold short with closing stoploss of 2649. (Initiated at 2674).
