********Positional strategy for nifty—---IDEAL STRATEGY— HOLD LONG.
---Do not hold long if closes below—4099.
--- Do not hold short if closes above —4228.
--- 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 converted into discount of 6 points so cost of carry decreased.
--Nifty open interest decreased by 0.1 lacs suggests long unwinding. (Total OI now at 2.38cr)
--Nifty calls added 0.25 lacs and puts added 19 lacs in open interest.
--Nifty open interest put-call ratio is at 1.03.
--4000 puts had open interest of 72 lacs and 4300 calls had open interest of 43 lacs, so 4000 and 4300 will be important levels to watch for.
--India VIX closed at 37.59, increased by 4% suggests instability.
--Nifty July future premium converted into discount of 6 points so cost of carry decreased.
--Nifty open interest decreased by 0.1 lacs suggests long unwinding. (Total OI now at 2.38cr)
--Nifty calls added 0.25 lacs and puts added 19 lacs in open interest.
--Nifty open interest put-call ratio is at 1.03.
--4000 puts had open interest of 72 lacs and 4300 calls had open interest of 43 lacs, so 4000 and 4300 will be important levels to watch for.
--India VIX closed at 37.59, increased by 4% suggests instability.
