---Ideal Strategy- HOLD LONG. (Strategy was initiated when Nifty closed at 4233)
---Do not hold long if closes below-4521.
--- Do not hold short if closes above -4592.
--- 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 decreased to 2 points so cost of carry decreased.
--Nifty open interest increased by 15 lacs suggests short addition. (Total OI now at 3.0cr)
--Nifty calls added 6 lacs and puts added 8 lacs in open interest.
--Nifty open interest put-call ratio is at 1.31.
--4400 puts had open interest of 44 lacs and 4600 calls had open interest of 38 lacs, so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 36.07, decreased by 3% suggests stability.