India VIX closed at 36.17 prev 39.89, decreased by 9.33% suggests stability - BUT
US Mkts hits 10 week low
Talk of New Stimulus.
Bearish Divergence Suggests more challenging Market
| Global Markets | ||
| US Markets | Closed in RED | Negative |
| Asian Markets | Trading Negative | Negative |
| SGX Nifty | Trading at 4140 | -52pts |
Positional strategy for NIFTY
| Genie's Strategy | Sell on RISE | |
| Todays Closing S/L | Long | 3890 |
| Todays Closing S/L | Short | 4275 |
Genie's Pick for the day
This segment is for Traders who make most of the oppurtunities who does more entry and exit
Uptrend : IVRCLINFRA, TORNTPOWER & VOLTAS [ Cautious - long position ]
Downtrend : ABIRLANUVO, Everonn & HDIL
Maintain appropriate S/L for all the positions.
Nifty Technicals
RSI (5 D): 37 --- RSI (14 D): 46 --- Williams R: 20
| S 2 | S 1 | Pivot | R 1 | R 2 |
| 4120.15 | 4161.05 | 4196.45 | 4237.40 | 4272.75 |