CUES-
--Nifty April future discount increased to 8 points so cost of carry decreased..
--Nifty open interest decreased by 2 lacs suggests long unwinding. (Total OI now at 4.55 cr which is dangerous)
--3300 puts had open interest of 71 lacs and 3400 calls had open interest of 48 lacs, so 3300 and 3400 will be important levels to watch for.
--India VIX closed at 48.80, decreased by 1% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3391. (Up 29)
--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—STOPPED OUT.
---CLOSING STOPLOSS FOR SHORT—3494.
