Genie's View on Nifty - 12/6/09
India VIX closed at 41.02, increased by 1% IMPLIES instability.
SGX NIFTY trading at 4651. (Up 21)
US markets closed in green [ POSITIVE ]
Asian markets trading mixed.
Positional strategy for NIFTY
GENIE'S STRATEGY --> LONG.
CLOSING S/L FOR LONG --> 4505.
CLOSING S/L FOR SHORT --> 4650.
NIFTY'S IMPORTANT LEVELS
RSI (5 D): 69 --- RSI (14 D): 71 --- Williams R: 91
| S 2 | S 1 | Pivot | R 1 | R 2 |
| 4541.00 | 4589.30 | 4634.45 | 4682.75 | 4727.85 |