********POSITIONAL STRATEGY--
---Ideal Strategy- HOLD LONG.
---Do not hold long if closes below-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 August future premium decreased to 1.5 points so cost of carry decreased.
--Nifty open interest decreased by 87 lacs suggests long unwinding. (Total OI now at 2.30 cr)
--Nifty open interest put-call ratio is at 0.95.
--4500 puts had open interest of 21 lacs and 4700 calls had open interest of 29 lacs, so 4500 and 4700 will be important levels to watch for.
--India VIX closed at 37.59, increased by 0.7% suggests instability.
