CUES-
--Nifty May future discount converted into premium of 8 points so cost of carry increased.
--Nifty open interest increased by 2 lacs suggests long addition. (Total OI now at 3.95cr)
--Nifty calls shed 29 lacs and puts added 32 lacs in open interest.
--4300 calls had open interest of 31 lacs, so 4300 will be important level to watch for.
--India VIX closed at 41.57, decreased by 20%!!!!!!!! Suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4250(DOWN 27)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4138.
---CLOSING STOPLOSS FOR SHORT—4271. (Stopped out)
