CUES-
--Nifty May future premium decreased to 20 points so cost of carry decreased.
--Nifty open interest decreased by 6 lacs suggests long unwinding. (Total OI now at 3.89 cr)
--Nifty calls added 10 lacs and puts added 1 lac in open interest.
--4000 puts had open interest of 25 lacs, so 4000 will be important level to watch for.
--India VIX closed at 50.79, decreased by 13% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4275. (DOWN 8)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4028.
---CLOSING STOPLOSS FOR SHORT—4419.
