--Nifty July future discount decreased to 7 points so cost of carry increased.
--Nifty open interest decreased by 7 lacs suggests short covering. (Total OI now at 2.27cr)
--Nifty calls added 29 lacs and puts added 20 lacs in open interest.
--Nifty open interest put-call ratio is at 0.83.
--4000 puts had open interest of 47 lacs and 4300 calls had open interest of 40 lacs, so 4000 and 4300 will be important levels to watch for.
--India VIX closed at 36.64, decreased by 2% suggests stability.
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD SHORT.
---CLOSING STOPLOSS FOR LONG—4085.
---CLOSING STOPLOSS FOR SHORT—4184.