Genie's View - 10/06/09
India VIX closed at 40.76, decreased by 3.5% suggests stability.
US markets closed flat.
Asian markets trading positive.
SGX NIFTY trading at 4570. +11 pts
Positional strategy for NIFTY
IDEAL STRATEGY—NEUTRAL.
CLOSING S/L FOR LONG 4444.
CLOSING S/L FOR SHORT 4620
RSI (5 D): 63 --- RSI (14 D): 70 --- Williams R: 84
IMPORTANT LEVELS FOR NIFTY
4295.45 4423.15 4492.80 4620.50 4690.15
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