CUES-
--Nifty June future discount converted in to premium of 13 points so cost of carry increased.
--Nifty open interest increased by 14 lacs suggests long addition. (Total OI now at 3.46cr)
--Nifty calls added 31 lacs and puts added 6 lacs in open interest.
--Nifty open interest put-call ratio is at 0.85.
--4200 puts had open interest of 32 lacs and 4400 calls had open interest of 31 lacs, so 4200 and 4400 will be important levels to watch for.
--India VIX closed at 54.49, decreased by 12% suggests stability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 4305. (Up 23)
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD SHORT.
---CLOSING STOPLOSS FOR LONG—4320. (Stopped Out)
---CLOSING STOPLOSS FOR SHORT—4477.
