********POSITIONAL STRATEGY
-----Ideal Strategy- NEUTRAL.
---Do not hold long if closes below-4436.
--- Do not hold short if closes above -4563.
--- 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 4 points so cost of carry increased. (Bullish)
--Nifty open interest decreased by 3 lacs suggests short covering. (Total OI now at 2.54 cr)
--Nifty calls shed 0.6 lacs and puts added 24 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 0.98.
--4400 puts had open interest of 40 lacs (+17%) and 4500 calls had open interest of 35 lacs (-6%), so 4400 and 4500 will be important levels to watch for.
--India VIX closed at 45.04, decreased by 3% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 39/11. (Bullish)
