CUES-
--Nifty May future premium decreased to 4 points so cost of carry decreased.
--Nifty open interest decreased by 3 lacs suggests long unwinding.
--Nifty calls added 11.6 lacs and puts added 11 lacs in open interest.
--4200 puts had open interest of 24 lacs, so 4200 will be important level to watch for.
--India VIX closed at 43.71, decreased by 47%!!!!!!!! Suggests stability.
--Asian markets trading mixed.
--Sgx nifty trading at 4239. (UP 7)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4187.
---CLOSING STOPLOSS FOR SHORT—4280.
