********POSITIONAL STRATEGY--
---Ideal Strategy- HOLD LONG.
---Do not hold long if closes below-4611.
--- 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 1 points so cost of carry decreased. –Bearish--
--Nifty open interest decreased by 17 lacs suggests long unwinding. (Total OI now at 2.29 cr)
--Nifty calls added 9 lacs and puts added 23 lacs in open interest. –Bullish--
--Nifty open interest put-call ratio is at 1.04.
--4600 puts had open interest of 28 lacs and 4700 calls had open interest of 31 lacs, so 4600 and 4700 will be important levels to watch for.
--India VIX closed at 36.8, decreased by 9% suggests stability. –Bullish--
