CUES-
--Nifty July future premium decreased to 9 points so cost of carry decreased.
--Nifty open interest increased by 7 lacs suggests short addition. (Total OI now at 2.19cr)
--Nifty calls added 28 lacs and puts added 26 lacs in open interest.
--Nifty open interest put-call ratio is at 0.94.
--4200 puts had open interest of 23 lacs and 4500 calls had open interest of 14 lacs, so 4200 and 4500 will be important levels to watch for.
--India VIX closed at 37.00, decreased by 1.5% suggests stability.
-- US markets closed mixed.
--Asian markets trading mixed.
--Sgx nifty trading at 4400. (Up 16)
********Positional strategy for nifty—
---IDEAL STRATEGY— INITIATE LONG.
---CLOSING STOPLOSS FOR LONG—4228.
---CLOSING STOPLOSS FOR SHORT—4343. (Stopped out)
---All are invited to visit my new blog on real time nifty trading using three averages at
http://niftydoctor-trading.blogspot.com/
