CUES-
--Nifty April future premium converted to discount of 7 points so cost of carry decreased..
--Nifty open interest decreased by 8 lacs suggests long unwinding. (Total OI now at 4.20 cr)
--3300 puts had open interest of 63 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 57.88, increased by 7% suggests instability.
--US markets closed mixed.
--Asian markets trading mixed.
--Sgx nifty trading at 3343. (UP 5)
--Positional strategy for nifty— Hold short with closing stop loss of 3419.(Initiated at 3330 closing)
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