CUES-
--Nifty June future premium increased to 9.6 points so cost of carry increased.
--Nifty open interest increased by 11 lacs suggests long addition. (Total OI now at 2.95cr)
--Nifty calls added 3 lacs and puts added 10 lacs in open interest.
--4400 puts had open interest of 21 lacs, so 4400will be important level to watch for.
--India VIX closed at 41.31, increased by 1% suggests instability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 4619. (Up 34)
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4461.
---CLOSING STOPLOSS FOR SHORT—4581.
