********POSITIONAL STRATEGY--
---Ideal Strategy- HOLD LONG.
---Do not hold long if closes below-4630.
--- 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 11 points so cost of carry increased. (Bullish)
--Nifty open interest decreased by 9 lacs suggests long addition. (Total OI now at 2.38 cr)
--Nifty calls added 11 lacs and puts added 17 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 1.06.
--4600 puts had open interest of 29 lacs and 4700 calls had open interest of 34 lacs, so 4600 and 4700 will be important levels to watch for.
--India VIX closed at 36.7, decreased by 0.3% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 22/28. (Bearish)
---Ideal Strategy- HOLD LONG.
---Do not hold long if closes below-4630.
--- 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 11 points so cost of carry increased. (Bullish)
--Nifty open interest decreased by 9 lacs suggests long addition. (Total OI now at 2.38 cr)
--Nifty calls added 11 lacs and puts added 17 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 1.06.
--4600 puts had open interest of 29 lacs and 4700 calls had open interest of 34 lacs, so 4600 and 4700 will be important levels to watch for.
--India VIX closed at 36.7, decreased by 0.3% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 22/28. (Bearish)
