********POSITIONAL STRATEGY--
---Ideal Strategy- HOLD SHORT.
--- Do not hold short if closes above -4555.
--- Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/04/opening-range-breakout.html
---The positional strategy is based on my mechanical trading system.
********CUES--
--Nifty August future discount decreased to 7 points so cost of carry increased. (Bullish)
--Nifty open interest decreased by 6 lacs suggests short covering. (Total OI now at 2.43 cr)
--Nifty calls added 4.6 lacs and puts added 24 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 0.91.
--4400 puts had open interest of 37 lacs (+18%) and 4600 calls had open interest of 33 lacs (+5%), so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 38.20, increased by just 0.03% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 34/16. (Bullish)
---Ideal Strategy- HOLD SHORT.
--- Do not hold short if closes above -4555.
--- Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/04/opening-range-breakout.html
---The positional strategy is based on my mechanical trading system.
********CUES--
--Nifty August future discount decreased to 7 points so cost of carry increased. (Bullish)
--Nifty open interest decreased by 6 lacs suggests short covering. (Total OI now at 2.43 cr)
--Nifty calls added 4.6 lacs and puts added 24 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 0.91.
--4400 puts had open interest of 37 lacs (+18%) and 4600 calls had open interest of 33 lacs (+5%), so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 38.20, increased by just 0.03% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 34/16. (Bullish)
