CUES-
--Nifty June future premium decreased to 5 points so cost of carry decreased.
--Nifty open interest decreased by 4 lacs suggests long unwinding. (Total OI now at 2.88cr)
--Nifty calls added 12 lacs and puts added 8 lacs in open interest.
--4500 calls had open interest of 27 lacs and 4200 puts had open interest of 26 lacs, so 4500 and 4200will be important levels to watch for.
--India VIX closed at 41.04, decreased by 2% suggests stability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 4525. (Down 5)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4414.
---CLOSING STOPLOSS FOR SHORT—4540.
