CUES-
--Nifty April future premium deceased to 1 points so cost of carry decreased..
--Nifty open interest decreased by 2 lacs suggests long unwinding. (Total OI now at 4.32 cr)
--3400 puts had open interest of 41 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 47.78, decreased by 7% suggests stability.
--US markets closed green.
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3337.
---CLOSING STOPLOSS FOR SHORT—STOPPED OUT.
