CUES---Nifty July future discount increased 2.5 point so cost of carry decreased.
--Nifty open interest increased by 4 lacs suggests short addition. (Total OI now at 2.28cr)
--Nifty calls added 15 lacs and puts added 18 lacs in open interest.
--Nifty open interest put-call ratio is at 0.92.
--4200 puts had open interest of 26 lacs and 4500 calls had open interest of 20 lacs, so 4200 and 4500 will be important levels to watch for.
--India VIX closed at 43.15, increased by 1.5% suggests instability.
-- US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 4341. (Up 2)
********Positional strategy for nifty—
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—4289
---CLOSING STOPLOSS FOR SHORT—4410.
---IDEAL STRATEGY— HOLD LONG.
---CLOSING STOPLOSS FOR LONG—4289
---CLOSING STOPLOSS FOR SHORT—4410.
