CUES FOR JUNE 1

CUES-

--Nifty June future discount converted to premium of 4 points so cost of carry increased.
--Nifty open interest increased by 17 lacs suggests long position. (Total OI now at 2.87cr)
--Nifty calls added 21 lacs and puts added 36 lacs in open interest.
--4500 calls had open interest of 22 lacs and 4200 puts had open interest of 22 lacs, so 4500 and 4200will be important levels to watch for.
--India VIX closed at 40.3, decreased by 10% suggests stability.
--US markets closed in green.

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4237.
---CLOSING STOPLOSS FOR SHORT—4378. (Stopped out)

CUES FOR MAY 29

----Dow index is trading in a triangle and breakout from it will give direction to all the world markets.
CUES-

--Nifty June future premium converted to discount of 1 point so cost of carry decreased.
--Nifty open interest decreased by 125 lacs suggests long unwinding. (Total OI now at 2.70cr)
--4500 calls had open interest of 19 lacs and 4200 puts had open interest of 17 lacs, so 4500 and 4200will be important levels to watch for.
--India VIX closed at 44.58, increased by 7% suggests instability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 4357. (Up 25)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4154.
---CLOSING STOPLOSS FOR SHORT—4299. (Stopped out)

CUES FOR MAY 28

CUES-

--Nifty May future discount converted into premium of 8 points so cost of carry increased.
--Nifty open interest increased by 2 lacs suggests long addition. (Total OI now at 3.95cr)
--Nifty calls shed 29 lacs and puts added 32 lacs in open interest.
--4300 calls had open interest of 31 lacs, so 4300 will be important level to watch for.
--India VIX closed at 41.57, decreased by 20%!!!!!!!! Suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4250(DOWN 27)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4138.
---CLOSING STOPLOSS FOR SHORT—4271. (Stopped out)

CUES FOR MAY 27

CUES-

--Nifty May future premium converted into discount of 2 points so cost of carry decreased.
--Nifty open interest increased by 17 lacs suggests short addition. (Total OI now at 3.93cr)
--Nifty calls added 35 lacs and puts shed 10 lacs in open interest.
--4200 calls had open interest of 39 lacs, so 4200 will be important level to watch for.
--India VIX closed at 52.37, increased by 20%!!!!!!!! Suggests instability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 4209. (Up 101)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—4151. (Stopped out)
---CLOSING STOPLOSS FOR SHORT—4259.

CUES FOR MAY 26

CUES-

--Nifty May future premium decreased to 4 points so cost of carry decreased.
--Nifty open interest decreased by 3 lacs suggests long unwinding.
--Nifty calls added 11.6 lacs and puts added 11 lacs in open interest.
--4200 puts had open interest of 24 lacs, so 4200 will be important level to watch for.
--India VIX closed at 43.71, decreased by 47%!!!!!!!! Suggests stability.
--Asian markets trading mixed.
--Sgx nifty trading at 4239. (UP 7)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4187.
---CLOSING STOPLOSS FOR SHORT—4280.

CUES FOR MAY 25

CUES-

--Nifty May future premium increased to 13 points so cost of carry increased.
--Nifty open interest increased by 1.2 lacs suggests long addition.
--Nifty calls added 13 lacs and puts added 2 lacs in open interest.
--4000 puts had open interest of 23 lacs, so 4000 will be important level to watch for.
--India VIX closed at 83.71, increased by 68%!!!!!!!! suggests intability.
--US markets closed in red.


--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4200.
---CLOSING STOPLOSS FOR SHORT—4310.

cues for may 22

CUES-

--Nifty May future premium decreased to 9 points so cost of carry decreased.
--Nifty open interest decreased by 16 lacs suggests long unwinding.
--Nifty calls added 18 lacs and puts added 3 lacs in open interest.
--4200 puts had open interest of 19 lacs, so 4200 will be important level to watch for.
--India VIX closed at 49.64, decreased by 2% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4219. (DOWN 6)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4204.
---CLOSING STOPLOSS FOR SHORT—4397.

CUES FOR MAY 21

CUES-

--Nifty May future premium decreased to 20 points so cost of carry decreased.
--Nifty open interest decreased by 6 lacs suggests long unwinding. (Total OI now at 3.89 cr)
--Nifty calls added 10 lacs and puts added 1 lac in open interest.
--4000 puts had open interest of 25 lacs, so 4000 will be important level to watch for.
--India VIX closed at 50.79, decreased by 13% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4275. (DOWN 8)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4028.
---CLOSING STOPLOSS FOR SHORT—4419.

CUES FOR MAY 20

CUES-

--Nifty May future premium increased to 25 points so cost of carry increased.
--Nifty open interest increased by 6 lacs suggests long addition. (Total OI now at 3.95 cr)
--Nifty calls shed 24 lacs and puts added 1 lac in open interest.
--India VIX closed at 58.10, increased by 15% suggests instability and uncertainty.
--US markets closed flat.
--Asian markets trading mixed.
--Sgx nifty trading at 4264. (down 52)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3813.
---CLOSING STOPLOSS FOR SHORT—4193.

CUES FOR MAY 19

CUES-
--India VIX closed at 50.53, increased by 2% suggests instability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 4560. (up 190)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG- 3603.
---CLOSING STOPLOSS FOR SHORT—3901.

cues for may 18

CUES-

--Nifty May future premium increased to 12 points so cost of carry increased.
--Nifty open interest decreased by 1.5 lacs suggests long addition. (Total OI now at 3.89 cr)
--3600 puts had open interest of 52 lacs and 3800 calls had open interest of 45 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 49.64, decreased by 3% suggests stability.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 4097. (up 412)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3561.
---CLOSING STOPLOSS FOR SHORT—3678.

CUES FOR MAY 15

TECHNICAL CUES--
---nifty is trading in a rectangle of 3530-3720 since 8 trading days.
---before that nifty was trading in a rectangle of 3300-3520 for 13 trading days.
---breakout from rectangle(range bound trading) gives excellent trading opportunity.

CUES-

--Nifty May future premium increased to 10 points so cost of carry increased.
--Nifty open interest increased by 7 lacs suggests long addition. (Total OI now at 3.90 cr)
--3500 puts had open interest of 40 lacs and 3800 calls had open interest of 41 lacs, so 3500 and 3800 will be important levels to watch for.
--India VIX closed at 51.25, increased by 1% suggests instability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3645. (up 33)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3561.
---CLOSING STOPLOSS FOR SHORT—3678.

CUES FOR MAY 14

CUES-

--Nifty May future premium decreased to 3 points so cost of carry decreased.
--Nifty open interest decreased by 18 lacs suggests long unwinding. (Total OI now at 3.83 cr which is very light)
--3600 puts had open interest of 43 lacs and 3800 calls had open interest of 38 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 50.73, increased by 1% suggests instability.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 3550. (down 85)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3560.
---CLOSING STOPLOSS FOR SHORT—3690.

CUES FOR MAY 13

CUES-

--Nifty May future discount converted to premium of 9 points so cost of carry increased.
--Nifty open interest increased by 10 lacs suggests long addition. (Total OI now at 4.01 cr)
--3500 puts had open interest of 39 lacs and 3800 calls had open interest of 37 lacs, so 3500 and 3800 will be important levels to watch for.
--India VIX closed at 50.31, decreased by 17% suggests stability.
--US markets closed in mixed.
--Asian markets trading mixed.
--Sgx nifty trading at 3660. (down 27)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3551.
---CLOSING STOPLOSS FOR SHORT—3688.

CUES FOR MAY 12

CUES-

--Nifty May future premium converted to discount of 2 points so cost of carry decreased.
--Nifty open interest increased by 2 lacs suggests short addition. (Total OI now at 3.91 cr)
--3500 puts had open interest of 29 lacs and 3600 calls had open interest of 35 lacs, so 3500 and 3600 will be important levels to watch for.
--India VIX closed at 61.03, increased by 7% suggests instability and uncertainity.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3562. (up 6)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3578. (Stopped out)
---CLOSING STOPLOSS FOR SHORT—3688.

CUES FOR MAY 11

***********TECHNICAL CUES-------

---bse chart from caldaro.
---here 5 day rsi shows negative divergence.
---macd is also ready to give sell signal.
---but rsi is still at trendline support.

---NIFTY CHART FROM I-CHART.

--rsi shows negative divergence so all longs should now needs to have proper hedge.

--at the same time rsi is at trendline support of the uptrend so bias still remains on the long side.

---macd is converging and ready to give sell signal.

---stochastics have given sell signal.

CUES-

--Nifty May future discount converted to premium of 2 points so cost of carry increased.
--Nifty open interest decreased by 1.3 lacs suggests short covering. (Total OI now at 3.89 cr)
--3600 puts had open interest of 32 lacs and 3800 calls had open interest of 36 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 57.02, increased by 4% suggests instability and uncertainity.
--US markets closed in green.

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3603.
---CLOSING STOPLOSS FOR SHORT—3707.

CUES FOR MAY 8

CUES-

--Nifty May future premium converted to discount of 1 points so cost of carry decreased.
--Nifty open interest decreased by 8 lacs suggests long unwinding. (Total OI now at 3.90 cr)
--3600 puts had open interest of 30 lacs and 3800 calls had open interest of 39 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 54.76, increased by 7% suggests instability and uncertainity.

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3615.
---CLOSING STOPLOSS FOR SHORT—3697.

CUES FOR MAY 7

CUES-

--Nifty May future premium increased to 6 points so cost of carry increased.
--Nifty open interest increased by 12 lacs suggests long addition. (Total OI now at 3.98 cr)
--3600 puts had open interest of 25 lacs and 3800 calls had open interest of 30 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 51.21, increased by 1.3% suggests instability and uncertainity.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3674. (up 33)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3569.
---CLOSING STOPLOSS FOR SHORT—3688.

cues for may 6

CUES-

--Nifty May future premium decreased to 3 points so cost of carry decreased.
--Nifty open interest increased by 3 lacs suggests short addition. (Total OI now at 3.86 cr)
--3600 puts had open interest of 20 lacs and 3800 calls had open interest of 29 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 50.53, increased by 2% suggests instability and uncertainity.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3647. (Down 6)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3488.
---CLOSING STOPLOSS FOR SHORT—3611. (STOPPED OUT)

CUES FOR MAY 5

CUES-

--Nifty May future premium decreased to 4 points so cost of carry decreased..
--Nifty open interest increased by 18 lacs suggests short addition. (Total OI now at 3.83 cr)
-- Nifty call option added 29.45 shares in open interest, whereas put option added 36.30 lakh shares in open interest.
--3400 puts had open interest of 35 lacs and 3800 calls had open interest of 23 lacs, so 3400 and 3800 will be important levels to watch for.
--India VIX closed at 49.54, increased by 6% suggests instability and uncertainity.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3685. (Up 32)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3399.
---CLOSING STOPLOSS FOR SHORT—3541. (STOPPED OUT)