CUES-
--Nifty June future premium decreased to 0.2 points so cost of carry decreased.
--Nifty open interest decreased by 1.1 lacs suggests long unwinding. (Total OI now at 3.07cr)
--Nifty calls shed 8 lacs and puts added 20 lacs in open interest.
--4400 puts had open interest of 29 lacs and 4600 calls had open interest of 28 lacs, so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 40.76, decreased by 3.5% suggests stability.
--US markets closed flat.
--Asian markets trading positive.
--Sgx nifty trading at 4578. (Up 19)
--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—4444.
---CLOSING STOPLOSS FOR SHORT—4604.
