CUES-
--Nifty April future premium converted to discount of 3 points so cost of carry decreased..
--Nifty open interest decreased by 11 lacs suggests long unwinding. (Total OI 4.46 cr which is still dangerous)
--3300 puts had open interest of 52 lacs and 3500 calls had open interest of 38 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 50.80, increased by 0.5% suggests instability and uncertainty.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3385. (down 15)
--Positional strategy for nifty— Neutral. (Initiate short if closes below 3342 OR Initiate long if closes above 3500.)
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