CUES-
--Nifty April future premium converted to discount of 4 points so cost of carry decreased..
--Nifty open interest increased by 25 lacs suggests short addition. (Total OI now at 4.57 cr which is dangerous)
--3400 puts had open interest of 48 lacs and 3500 calls had open interest of 60 lacs, so 3400 and 3500 will be important levels to watch for.
--India VIX closed at 49.43, increased by 3% suggests instability.
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3387.
---CLOSING STOPLOSS FOR SHORT—3483.
