********daily chart*********
CUES---Nifty July future discount converted into premium 0.4 points so cost of carry increased.
--Nifty open interest decreased by 2 lacs suggests short covering. (Total OI now at 2.26cr)
--Nifty calls added 42 lacs and puts added 63 lacs in open interest.
--Nifty open interest put-call ratio is at 0.99.
--4200 puts had open interest of 38 lacs and 4500 calls had open interest of 24 lacs, so 4200 and 4500 will be important levels to watch for.
--India VIX closed at 45.86, increased by 4.5% suggests instability.
-- US markets closed.
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—4279.
---CLOSING STOPLOSS FOR SHORT—4393.(Stopped out)
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—4279.
---CLOSING STOPLOSS FOR SHORT—4393.(Stopped out)
