CUES-
--Nifty May future premium converted to discount of 1 points so cost of carry decreased.
--Nifty open interest decreased by 8 lacs suggests long unwinding. (Total OI now at 3.90 cr)
--3600 puts had open interest of 30 lacs and 3800 calls had open interest of 39 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 54.76, increased by 7% suggests instability and uncertainity.
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3615.
---CLOSING STOPLOSS FOR SHORT—3697.
