********Positional strategy for nifty—---IDEAL STRATEGY— HOLD LONG.
---Do not hold long if closes below—4348.
--- Do not hold short if closes above —4475.
--- 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 decreased to 4 points so cost of carry decreased.
--Nifty open interest decreased by 3 lacs suggests short addition. (Total OI now at 2.42cr)
--Nifty calls added 6 lacs and puts added 10 lacs in open interest.
--Nifty open interest put-call ratio is at 1.23.
--4300 puts had open interest of 50 lacs and 4700 calls had open interest of 38 lacs, so 4300 and 4700 will be important levels to watch for.
--India VIX closed at 36.59, decreased by 1% suggests stability.
