CUES-
--Nifty June future premium increased to 5.5 points so cost of carry increased.
--Nifty open interest decreased by 4 lacs suggests short covering. (Total OI now at 2.84cr)
--Nifty calls added 20 lacs and puts added 29 lacs in open interest.
--4500 calls had open interest of 28 lacs and 4200 puts had open interest of 28 lacs, so 4500 and 4200will be important levels to watch for.
--India VIX closed at 40.67, decreased by 1% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4515. (Down 15)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4460.
---CLOSING STOPLOSS FOR SHORT—4569.
