********POSITIONAL STRATEGY--
---Ideal Strategy- NEUTRAL.
********CUES--
--Nifty August future premium converted in to discount of 7 points so cost of carry decreased. (Bearish)
--Nifty open interest decreased by 7 lacs suggests long unwinding. (Total OI now at 2.31 cr)
--Nifty calls added 25 lacs and puts added 1 lacs in open interest. (Bearish)
--Nifty open interest put-call ratio is at 0.98.
--4300 puts had open interest of 28 lacs and 4700 calls had open interest of 37 lacs, so 4300 and 4700 will be important levels to watch for.
--India VIX closed at 37.65, increased by 3% suggests instability. (Bearish)
--In Nifty stocks, advance-decline ratio is at 6/44. (Bearish)
