CUES-
--Nifty July future discount increased 3 point so cost of carry decreased.
--Nifty open interest decreased by 0.2 lac suggests long unwinding. (Total OI now at 2.28cr)
--4200 puts had open interest of 30 lacs and 4500 calls had open interest of 22 lacs, so 4200 and 4500 will be important levels to watch for.
--India VIX closed at 43.88, increased by 1.6% suggests instability.
-- US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 4291. (Down 42)
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—4269
---CLOSING STOPLOSS FOR SHORT—4391.
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—4269
---CLOSING STOPLOSS FOR SHORT—4391.
