CUES-
--Nifty June future premium increased to 5 points so cost of carry increased.
--Nifty open interest increased by 12 lacs suggests long addition. (Total OI now at 3.19cr)
--4500 puts had open interest of 34 lacs and 4700 calls had open interest of 24 lacs, so 4500 and 4700 will be important levels to watch for.
--India VIX closed at 40.47, decreased by 1% suggests stability.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 4648. (Down 16)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4440.
---CLOSING STOPLOSS FOR SHORT—4621.(Stopped out)
****From 10th March onwards our trading system had generated either 'long call' on nifty or 'neutral call' on nifty but so far had not generated any 'short call' on nifty*******
