********POSITIONAL STRATEGY-- ---Ideal Strategy- HOLD LONG.
---Do not hold long if closes below-4444.
--- 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 premium increased to 9 points so cost of carry increased. (Bullish)
--Nifty open interest increased by 2 lacs suggests long addition. (Total OI now at 2.78 cr)
--Nifty calls shed 18 lacs and puts added 35 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 1.22.
--4600 puts had open interest of 35 lacs (+93%) and 4700 calls had open interest of 42 lacs (+4%), so 4600 and 4700 will be important levels to watch for.
--India VIX closed at 63.58, increased by 65% suggests instability. (Bearish)
--In Nifty stocks, advance-decline ratio is at 47/3. (Bullish)
