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.
