********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD LONG.
---Do not hold long if closes below—4398.
--- Do not hold short if closes above —4531.
--- 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 6 points so cost of carry increased.
--Nifty open interest decreased by 0.3 lacs suggests short covering. (Total OI now at 2.42cr)
--Nifty calls added 8 lacs and puts added 4 lacs in open interest.
--Nifty open interest put-call ratio is at 1.22.
--4300 puts had open interest of 52 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 37.14, increased by 2% suggests instability.