CUES-
--Nifty May future premium increased to 6 points so cost of carry increased.
--Nifty open interest increased by 12 lacs suggests long addition. (Total OI now at 3.98 cr)
--3600 puts had open interest of 25 lacs and 3800 calls had open interest of 30 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 51.21, increased by 1.3% suggests instability and uncertainity.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3674. (up 33)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3569.
---CLOSING STOPLOSS FOR SHORT—3688.
