********POSITIONAL STRATEGY-----Ideal Strategy- HOLD SHORT.
--- Do not hold short if closes above -4516.
--- 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 converted in to premium of 3 points so cost of carry increased. (Bullish)
--Nifty open interest increased by 6 lacs suggests long addition. (Total OI now at 2.49 cr)
--Nifty calls added 16.5 lacs and puts added 17.5 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 0.92.
--4400 puts had open interest of 37 lacs (+0.24%) and 4600 calls had open interest of 32 lacs (-2%), so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 42.52, increased by 11% suggests instability. (Bearish)
--In Nifty stocks, advance-decline ratio is at 23/27. (Bearish)
