********POSITIONAL STRATEGY-----Ideal Strategy- HOLD LONG.
---Do not hold long if closes below-4555.
--- 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 discount converted in to premium of 3 points so cost of carry increased.
--Nifty open interest increased by 6 lacs suggests long addition. (Total OI now at 2.46 cr)
--Nifty calls added 9 lacs and puts added 12 lacs in open interest.
--Nifty open interest put-call ratio is at 1.01.
--4500 puts had open interest of 24 lacs and 5000 calls had open interest of 20 lacs, so 4500 and 5000 will be important levels to watch for.
--India VIX closed at 40.65, increased by 3% suggests instability.
