********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD LONG.
---Do not hold long if closes below—4271.
--- Do not hold short if closes above —4402.
--- Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/04/opening-range-breakout.html
--Nifty July future premium increased to 8 points so cost of carry increased.
--Nifty open interest decreased by 0.3 lacs suggests short covering. (Total OI now at 2.39cr)
--Nifty calls shed 7 lacs and puts added 24 lacs in open interest.
--Nifty open interest put-call ratio is at 1.23.
--4300 puts had open interest of 46 lacs and 4700 calls had open interest of 35 lacs, so 4300 and 4700 will be important levels to watch for.
--India VIX closed at 36.97, increased by 3% suggests instability.