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.
