CUES-
--Nifty May future premium decreased to 9 points so cost of carry decreased.
--Nifty open interest decreased by 16 lacs suggests long unwinding.
--Nifty calls added 18 lacs and puts added 3 lacs in open interest.
--4200 puts had open interest of 19 lacs, so 4200 will be important level to watch for.
--India VIX closed at 49.64, decreased by 2% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4219. (DOWN 6)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4204.
---CLOSING STOPLOSS FOR SHORT—4397.
