CUES-
--Nifty April future premium increased to 9 points so cost of carry increased..
--Nifty open interest increased by 25 lacs suggests long addition. (Total OI 4.68 cr which is dangerous)
--Nifty call option shed 12 lacs and put option added 52 lacs.
--Put-Call Ratio increased to 1.78.
--3300 puts had open interest of 49 lacs and 3500 calls had open interest of 28 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 48.02, increased by 3% suggests instability and uncertainty.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3507. (Up 15)
--Positional strategy for nifty—Initiate long with closing stop loss at 3318. (Initiated at 3484 closing).
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html
