CUES-
--Nifty April future discount converted to premium of 3 points so cost of carry increased..
--Nifty open interest increased by 14 lacs suggests long potion. (Total OI now at 4.34 cr)
--3400 puts had open interest of 35 lacs and 3500 calls had open interest of 55 lacs, so 3400 and 3500 will be important levels to watch for.
--India VIX closed at 51.3, decreased by 11% suggests stability.
--US markets closed green.
--Asian markets trading mixed.
--Sgx nifty trading at 3445. (down 1)
--Positional strategy for nifty— Initiate long with closing stoploss of 3316.(initiated at 3423 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
