CUES-
--Nifty July future discount increased 1.5 point so cost of carry decreased.
--Nifty open interest increased by 8 lacs suggests short addition. (Total OI now at 2.24cr)
--Nifty calls added 20 lacs and puts added 18 lacs in open interest.
--Nifty open interest put-call ratio is at 0.91.
--4200 puts had open interest of 26 lacs and 4500 calls had open interest of 19 lacs, so 4200 and 4500 will be important levels to watch for.
--India VIX closed at 42.54, increased by 6% suggests instability.
-- US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4319. (Up 17)
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—4287.
---CLOSING STOPLOSS FOR SHORT—4417.
