********Positional strategy for nifty—---IDEAL STRATEGY— INITIATE LONG.
---Do not hold long if closes below—4004.
--- Do not hold short if closes above —4127.
---Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/04/opening-range-breakout.html
********CUES--
--Nifty July future premium increased to 3 points so cost of carry increased.
--Nifty open interest increased by 1 lacs suggests long addition. (Total OI now at 2.38cr)
--Nifty calls shed 3 lacs and puts added 50 lacs in open interest.
--Nifty open interest put-call ratio is at 0.99.
--4000 puts had open interest of 67 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 36.15, increased by 3% suggests instability.
