India VIX closed at 39.89 prev 45.86, decreased by 13.02% suggests stability
Bounce Back is expected
| Global Markets | ||
| US Markets | Closed Mixed - Flat | Neutral |
| Asian Markets | Trading Mixed | Neutral |
| SGX Nifty | Trading at 4167 | +11pts |
Positional strategy for NIFTY
| Genie's Strategy | Buy at lower levels | |
| Todays Closing S/L | Long | 3890 |
| Todays Closing S/L | Short | 4375 |
Genie's Pick for the day
This segment is for Traders who make most of the oppurtunities who does more entry and exit
Uptrend : Ranbaxy, Mindtree & ITC
Downtrend : Educomp, Everonn & NIIT Ltd
Maintain appropriate S/L for all the positions.
Nifty Technicals
RSI (5 D): 31 --- RSI (14 D): 44 --- Williams R: 8
| S 2 | S 1 | Pivot | R 1 | R 2 |
| 3913.55 | 4039.55 | 4259.70 | 4385.70 | 4605.80 |

