********POSITIONAL STRATEGY-----Ideal Strategy- HOLD LONG.
---Do not hold long if closes below-4489.
--- 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 premium converted in to discount of 0.4 points so cost of carry decreased.
--Nifty open interest increased by 10 lacs suggests short addition. (Total OI now at 2.40 cr)
--Nifty calls added 11 lacs and puts added 19 lacs in open interest.
--Nifty open interest put-call ratio is at 0.98.
--4500 puts had open interest of 22 lacs and 4700 calls had open interest of 32 lacs, so 4500 and 4700 will be important levels to watch for.
--India VIX closed at 39.21, increased by 4% suggests instability.
