CUES---Nifty May future premium increased to 13 points so cost of carry increased.
--Nifty open interest increased by 1.2 lacs suggests long addition.
--Nifty calls added 13 lacs and puts added 2 lacs in open interest.
--4000 puts had open interest of 23 lacs, so 4000 will be important level to watch for.
--India VIX closed at 83.71, increased by 68%!!!!!!!! suggests intability.
--US markets closed in red.
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4200.
---CLOSING STOPLOSS FOR SHORT—4310.
