CUES-
--Nifty June future premium decreased to 4.8 points so cost of carry decreased.
--Nifty open interest decreased by 3 lacs suggests long unwinding. (Total OI now at 3.16cr)
--Nifty calls added 11 lacs and puts added 8 lacs in open interest.
--4500 puts had open interest of 35 lacs and 4700 calls had open interest of 29 lacs, so 4500 and 4700 will be important levels to watch for.
--India VIX closed at 41.02, increased by 1% suggests instability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 4662. (Up 31)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4501.
---CLOSING STOPLOSS FOR SHORT—4644.
