********Positional strategy for nifty—---IDEAL STRATEGY— HOLD LONG.
---Do not hold long if closes below—4185.
--- Do not hold short if closes above —4315.
--- 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 discount converted into premium of 6 points so cost of carry increased.
--Nifty open interest increased by 2 lacs suggests long addtion. (Total OI now at 2.40cr)
--Nifty calls shed 12 lacs and puts added 47 lacs in open interest.
--Nifty open interest put-call ratio is at 1.16.
--4300 puts had open interest of 47 lacs and 4700 calls had open interest of 37 lacs, so 4300 and 4700 will be important levels to watch for.
--India VIX closed at 35.89, decreased by 4% suggests stability.
--Nifty July future discount converted into premium of 6 points so cost of carry increased.
--Nifty open interest increased by 2 lacs suggests long addtion. (Total OI now at 2.40cr)
--Nifty calls shed 12 lacs and puts added 47 lacs in open interest.
--Nifty open interest put-call ratio is at 1.16.
--4300 puts had open interest of 47 lacs and 4700 calls had open interest of 37 lacs, so 4300 and 4700 will be important levels to watch for.
--India VIX closed at 35.89, decreased by 4% suggests stability.
