CUES-
--Nifty June future premium increased to 16 points so cost of carry increased.
--Nifty open interest decreased by 2 lacs suggests short covering. (Total OI now at 3.12cr)
--Nifty calls added 2.3 lacs and puts shed 6 lacs in open interest.
--4200 puts had open interest of 30 lacs and 4600 calls had open interest of 31 lacs, so 4200 and 4600 will be important levels to watch for.
--India VIX closed at 52.71, increased by 29% suggests instability and uncertainity.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4440. (Down 80)
********Positional strategy for nifty—
---IDEAL STRATEGY— INITIATE SHORT.
---CLOSING STOPLOSS FOR LONG—4541. (Stopped Out)
---CLOSING STOPLOSS FOR SHORT—4658.
