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.
