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.
