CUES-
--Nifty June future premium decreased to 4 points so cost of carry decreased.
--Nifty open interest increased by 7 lacs suggests short addition. (Total OI now at 3.08cr)
--Nifty calls added 25 lacs and puts shed 5 lacs in open interest.
--4400 puts had open interest of 25 lacs and 4600 calls had open interest of 32 lacs, so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 42.27, increased by 4% suggests instability.
--US markets closed flat.
--Asian markets trading negative.
--Sgx nifty trading at 4430. (Up 10)
--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—4473. (Stopped out)
---CLOSING STOPLOSS FOR SHORT—4610.
