----Dow index is trading in a triangle and breakout from it will give direction to all the world markets.CUES-
--Nifty June future premium converted to discount of 1 point so cost of carry decreased.
--Nifty open interest decreased by 125 lacs suggests long unwinding. (Total OI now at 2.70cr)
--4500 calls had open interest of 19 lacs and 4200 puts had open interest of 17 lacs, so 4500 and 4200will be important levels to watch for.
--India VIX closed at 44.58, increased by 7% suggests instability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 4357. (Up 25)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4154.
---CLOSING STOPLOSS FOR SHORT—4299. (Stopped out)
