CUES-
--Nifty June future premium increased to 12 points so cost of carry increased.
--Nifty open interest increased by 8 lacs suggests long addition. (Total OI now at 3.56cr)
--Nifty calls shed 4 lacs and puts added 24 lacs in open interest.
--Nifty open interest put-call ratio is at 0.88.
--4200 puts had open interest of 44 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 42.22, decreased by 12% suggests stability.
-- US markets closed mixed.
--Asian markets trading positive.
--Sgx nifty trading at 4343 (Up 38)
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD SHORT.
---CLOSING STOPLOSS FOR LONG—4194.
---CLOSING STOPLOSS FOR SHORT—4309.
