CUES-
--Nifty June future premium increased to 0.9 point so cost of carry increased.
--Nifty open interest increased by 9 lacs suggests long addition. (Total OI now at 3.48cr)
--Nifty calls added 14 lacs and puts added 6 lacs in open interest.
--Nifty open interest put-call ratio is at 0.83.
--4200 puts had open interest of 35 lacs and 4400 calls had open interest of 32 lacs, so 4200 and 4400 will be important levels to watch for.
--India VIX closed at 48.23, increased by 1.5% suggests instability.
-- US markets closed mixed.
--Asian markets trading mixed.
--Sgx nifty trading at 4217 (Down 13)
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD SHORT.
---CLOSING STOPLOSS FOR LONG—4191.
---CLOSING STOPLOSS FOR SHORT—4315.
