CUES-
--Nifty June future premium decreased to 5.4 points so cost of carry decreased.
--Nifty open interest increased by 6 lacs suggests short addition. (Total OI now at 3.01cr)
--Nifty calls added 6 lacs and puts added 23 lacs in open interest.
--4500 puts had open interest of 27 lacs, so 4500will be important level to watch for.
--India VIX closed at 40.55, decreased by 2% suggests stability.
--US markets closed flat.
--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—4498.
---CLOSING STOPLOSS FOR SHORT—4598.
