CUES-
--Nifty April future discount converted to premium of 0.5 points so cost of carry increased..
--Nifty open interest increased by 1.5 lacs suggests long position. (Total OI now at 4.28 cr)
--3300 puts had open interest of 67 lacs and 3500 calls had open interest of 55 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 53.64, decreased by 1% suggests stability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3391. (UP 23)
--Positional strategy for nifty— Neutral. (Initiate long if closes above 3449 or Initiate short if closes below 3336)
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