********Positional strategy for nifty—---IDEAL STRATEGY— HOLD SHORT.
---Do not hold long if closes below—4026.
--- Do not hold short if closes above —4149.
*********CUES-
--Nifty July future discount increased to 10 points so cost of carry decreased.
--Nifty open interest increased by 10 lacs suggests short addition. (Total OI now at 2.37cr)
--Nifty calls added 8 lacs and puts added 4 lacs in open interest.
--Nifty open interest put-call ratio is at 0.83.
--3800 puts had open interest of 45 lacs and 4100 calls had open interest of 25 lacs, so 3800 and 4100 will be important levels to watch for.
--India VIX closed at 35.83, decreased by 2% suggests stability.
