CUES-
--Nifty May future premium decreased to 3 points so cost of carry decreased.
--Nifty open interest increased by 3 lacs suggests short addition. (Total OI now at 3.86 cr)
--3600 puts had open interest of 20 lacs and 3800 calls had open interest of 29 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 50.53, increased by 2% suggests instability and uncertainity.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3647. (Down 6)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3488.
---CLOSING STOPLOSS FOR SHORT—3611. (STOPPED OUT)
