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)
