CUES-
--Nifty June future premium increased to 5.4 points so cost of carry increased.
--Nifty open interest decreased by 1.4 lacs suggests short covering. (Total OI now at 3.14cr)
--Nifty calls added 21.5 lacs and puts shed 9 lacs in open interest.
--4500 puts had open interest of 33 lacs and 4700 calls had open interest of 38 lacs, so 4500 and 4700 will be important levels to watch for.
--India VIX closed at 40.83, decreased by 0.5% suggests stability.
--US markets closed mixed.
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—4568.
---CLOSING STOPLOSS FOR SHORT—4687.
********Positional strategy for GOLD—
---IDEAL STRATEGY— HOLD SHORT.
---CLOSING STOPLOSS FOR LONG—14464.
---CLOSING STOPLOSS FOR SHORT—14614.
********Positional strategy for CRUDE—
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—3394.
---CLOSING STOPLOSS FOR SHORT—3454.
