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    23/06/09

    India VIX closed at 47.93 prev close at 48.95, decreased by 1.42% suggests stability. But the global market is weak.


    US markets closed in red almost more than 3% avg
    Asian markets trading negative
    SGX NIFTY trading at 4143.  down 88pts close to S2 for the day

    Genie feels that the Nifty will take the trend of the Global market.


    Positional strategy for NIFTY

    Genie's Strategy - Sell on rise.  Buy at 4090 & 4150 s/l 3980

    CLOSING S/L FOR LONG 4090
    CLOSING S/L FOR SHORT 4250

    Nifty Technicals

    RSI (5 D): 28 --- RSI (14 D): 48 --- Williams R: 6

    S 2 S 1 Pivot R 1 R 2
    4139.45 4187.35 4269.80 4317.70 4400.15