CUES-
--Nifty April future premium decreased to 4 point so cost of carry decreased.
--Nifty open interest decreased by 3 lacs suggests long unwinding. (Total OI 3.95 cr)
--Nifty call option added 25 lacs and put option added 14 lacs.
--Put-Call Ratio decreased to 1.60.
--3000 puts had open interest of 64 lacs and 3300 calls had open interest of 32 lacs, so 3000 and 3300 will be important levels to watch for.
--Implied volatility increased by 300 points suggests instability.
--India VIX closed at 41.72, increased by 11% suggests instability and uncertainty.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 3169. (down 97)
--Positional strategy for nifty—Hold long with closing stop loss at 3079. (Initiated at 3211)
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