********POSITIONAL STRATEGY-----Ideal Strategy- HOLD SHORT.
--- Do not hold short if closes above -4624.
--- 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 discount increased to 12 points so cost of carry decreased. (Bearish)
--Nifty open interest increased by 10 lacs suggests short addition. (Total OI now at 2.49 cr)
--Nifty calls added 21 lacs and puts added 2 lacs in open interest. (Bearish)
--Nifty open interest put-call ratio is at 0.86.
--4400 puts had open interest of 31 lacs (+14%) and 4600 calls had open interest of 31 lacs (+11%), so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 38.19, decreased by 6% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 13/37. (Bearish)
--Nifty August future discount increased to 12 points so cost of carry decreased. (Bearish)
--Nifty open interest increased by 10 lacs suggests short addition. (Total OI now at 2.49 cr)
--Nifty calls added 21 lacs and puts added 2 lacs in open interest. (Bearish)
--Nifty open interest put-call ratio is at 0.86.
--4400 puts had open interest of 31 lacs (+14%) and 4600 calls had open interest of 31 lacs (+11%), so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 38.19, decreased by 6% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 13/37. (Bearish)
