CUES-
--Nifty June future premium increased to 8 points so cost of carry increased.
--Nifty open interest increased by 5 lacs suggests long addition. (Total OI now at 2.92cr)
--Nifty calls added 17 lacs and puts added 21 lacs in open interest.
--4500 calls had open interest of 25 lacs and 4200 puts had open interest of 24 lacs, so 4500 and 4200will be important levels to watch for.
--India VIX closed at 41.83, increased by 4% suggests instability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 4639. (Up 89)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4349.
---CLOSING STOPLOSS FOR SHORT—4463. (Stopped out)
