CUES FOR MAY 14

CUES-

--Nifty May future premium decreased to 3 points so cost of carry decreased.
--Nifty open interest decreased by 18 lacs suggests long unwinding. (Total OI now at 3.83 cr which is very light)
--3600 puts had open interest of 43 lacs and 3800 calls had open interest of 38 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 50.73, increased by 1% suggests instability.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 3550. (down 85)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3560.
---CLOSING STOPLOSS FOR SHORT—3690.

CUES FOR MAY 13

CUES-

--Nifty May future discount converted to premium of 9 points so cost of carry increased.
--Nifty open interest increased by 10 lacs suggests long addition. (Total OI now at 4.01 cr)
--3500 puts had open interest of 39 lacs and 3800 calls had open interest of 37 lacs, so 3500 and 3800 will be important levels to watch for.
--India VIX closed at 50.31, decreased by 17% suggests stability.
--US markets closed in mixed.
--Asian markets trading mixed.
--Sgx nifty trading at 3660. (down 27)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3551.
---CLOSING STOPLOSS FOR SHORT—3688.

CUES FOR MAY 12

CUES-

--Nifty May future premium converted to discount of 2 points so cost of carry decreased.
--Nifty open interest increased by 2 lacs suggests short addition. (Total OI now at 3.91 cr)
--3500 puts had open interest of 29 lacs and 3600 calls had open interest of 35 lacs, so 3500 and 3600 will be important levels to watch for.
--India VIX closed at 61.03, increased by 7% suggests instability and uncertainity.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3562. (up 6)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3578. (Stopped out)
---CLOSING STOPLOSS FOR SHORT—3688.

CUES FOR MAY 11

***********TECHNICAL CUES-------

---bse chart from caldaro.
---here 5 day rsi shows negative divergence.
---macd is also ready to give sell signal.
---but rsi is still at trendline support.

---NIFTY CHART FROM I-CHART.

--rsi shows negative divergence so all longs should now needs to have proper hedge.

--at the same time rsi is at trendline support of the uptrend so bias still remains on the long side.

---macd is converging and ready to give sell signal.

---stochastics have given sell signal.

CUES-

--Nifty May future discount converted to premium of 2 points so cost of carry increased.
--Nifty open interest decreased by 1.3 lacs suggests short covering. (Total OI now at 3.89 cr)
--3600 puts had open interest of 32 lacs and 3800 calls had open interest of 36 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 57.02, increased by 4% suggests instability and uncertainity.
--US markets closed in green.

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3603.
---CLOSING STOPLOSS FOR SHORT—3707.

CUES FOR MAY 8

CUES-

--Nifty May future premium converted to discount of 1 points so cost of carry decreased.
--Nifty open interest decreased by 8 lacs suggests long unwinding. (Total OI now at 3.90 cr)
--3600 puts had open interest of 30 lacs and 3800 calls had open interest of 39 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 54.76, increased by 7% suggests instability and uncertainity.

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3615.
---CLOSING STOPLOSS FOR SHORT—3697.

CUES FOR MAY 7

CUES-

--Nifty May future premium increased to 6 points so cost of carry increased.
--Nifty open interest increased by 12 lacs suggests long addition. (Total OI now at 3.98 cr)
--3600 puts had open interest of 25 lacs and 3800 calls had open interest of 30 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 51.21, increased by 1.3% suggests instability and uncertainity.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3674. (up 33)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3569.
---CLOSING STOPLOSS FOR SHORT—3688.

cues for may 6

CUES-

--Nifty May future premium decreased to 3 points so cost of carry decreased.
--Nifty open interest increased by 3 lacs suggests short addition. (Total OI now at 3.86 cr)
--3600 puts had open interest of 20 lacs and 3800 calls had open interest of 29 lacs, so 3600 and 3800 will be important levels to watch for.
--India VIX closed at 50.53, increased by 2% suggests instability and uncertainity.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3647. (Down 6)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3488.
---CLOSING STOPLOSS FOR SHORT—3611. (STOPPED OUT)

CUES FOR MAY 5

CUES-

--Nifty May future premium decreased to 4 points so cost of carry decreased..
--Nifty open interest increased by 18 lacs suggests short addition. (Total OI now at 3.83 cr)
-- Nifty call option added 29.45 shares in open interest, whereas put option added 36.30 lakh shares in open interest.
--3400 puts had open interest of 35 lacs and 3800 calls had open interest of 23 lacs, so 3400 and 3800 will be important levels to watch for.
--India VIX closed at 49.54, increased by 6% suggests instability and uncertainity.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3685. (Up 32)

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3399.
---CLOSING STOPLOSS FOR SHORT—3541. (STOPPED OUT)