CUES-
--Nifty April future premium decreased to 8 points so cost of carry decreased..
--Nifty open interest increased by 4 lacs suggests short addition. (Total OI 4.43 cr which is dangerous)
--Nifty call option added 7 lacs and put option added 16 lacs.
--Put-Call Ratio increased to 1.61.
--3300 puts had open interest of 41 lacs and 3400 calls had open interest of 34 lacs, so 3300 and 3400 will be important levels to watch for.
--India VIX closed at 46.56, increased by 7% suggests instability and uncertainty.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3368. (Down 5)
--Positional strategy for nifty—Neutral.
