CUES-
--Nifty June future premium converted in to discount of 3 points so cost of carry decreased.
--Nifty open interest increased by 4 lacs suggests short addition. (Total OI now at 3.32cr)
--Nifty calls added 37 lacs and puts shed 10.5 lacs in open interest.
--4300 puts had open interest of 27 lacs, so 4300 will be important level to watch for.
--India VIX closed at 62.05, increased by 49% suggests instability and uncertainty.
--US markets closed mixed.
--Asian markets trading mixed.
--Sgx nifty trading at 4360. (up 20)
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD SHORT.
---CLOSING STOPLOSS FOR LONG—4403. (Stopped Out)
---CLOSING STOPLOSS FOR SHORT—4552.
--Nifty June future premium converted in to discount of 3 points so cost of carry decreased.
--Nifty open interest increased by 4 lacs suggests short addition. (Total OI now at 3.32cr)
--Nifty calls added 37 lacs and puts shed 10.5 lacs in open interest.
--4300 puts had open interest of 27 lacs, so 4300 will be important level to watch for.
--India VIX closed at 62.05, increased by 49% suggests instability and uncertainty.
--US markets closed mixed.
--Asian markets trading mixed.
--Sgx nifty trading at 4360. (up 20)
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD SHORT.
---CLOSING STOPLOSS FOR LONG—4403. (Stopped Out)
---CLOSING STOPLOSS FOR SHORT—4552.
****FUND FLOW UPDAT***
---Please note that data for 17th june are from tv media and all other data are from sebi website.
