CUES-
--Nifty May future premium decreased to 4 points so cost of carry decreased..
--Nifty open interest increased by 18 lacs suggests short addition. (Total OI now at 3.83 cr)
-- Nifty call option added 29.45 shares in open interest, whereas put option added 36.30 lakh shares in open interest.
--3400 puts had open interest of 35 lacs and 3800 calls had open interest of 23 lacs, so 3400 and 3800 will be important levels to watch for.
--India VIX closed at 49.54, increased by 6% suggests instability and uncertainity.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3685. (Up 32)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3399.
---CLOSING STOPLOSS FOR SHORT—3541. (STOPPED OUT)
