********POSITIONAL STRATEGY--
---Ideal Strategy- HOLD LONG.
---Do not hold long if closes below-4652.
--- 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 September future premium decreased to 5.4 points so cost of carry decreased. (Bearish)
--Nifty open interest increased by 14 lacs suggests short addition. (Total OI now at 2.47 cr)
--Nifty calls added 33 lacs and puts added 45 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 1.20.
--4600 puts had open interest of 29 lacs (+36%) and 4800 calls had open interest of 24 lacs (+35%), so 4600 and 4800 will be important levels to watch for.
--India VIX closed at 33.27, decreased by 4.5% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 34/16. (Bullish)
