CUES-
--Nifty May future premium converted into discount of 2 points so cost of carry decreased.
--Nifty open interest increased by 17 lacs suggests short addition. (Total OI now at 3.93cr)
--Nifty calls added 35 lacs and puts shed 10 lacs in open interest.
--4200 calls had open interest of 39 lacs, so 4200 will be important level to watch for.
--India VIX closed at 52.37, increased by 20%!!!!!!!! Suggests instability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 4209. (Up 101)
--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—4151. (Stopped out)
---CLOSING STOPLOSS FOR SHORT—4259.
