India VIX closed at 45.86 prev 43.88, increased by 4.51% suggests instability
Big Day - Budget Day.. Trade Cautiously.. Trade with S/L
Global Markets | ||
US Markets | Closed in RED | Negative |
Asian Markets | Trading Negative | Negative |
SGX Nifty | Trading at 4422 | +2pts |
Positional strategy for NIFTY
Genie's Strategy | Hold Long | 4252 |
Todays Closing S/L | Long | 4250 |
Todays Closing S/L | Short | 4478 |
Genie's Pick for the day
This segment is for Traders who make most of the oppurtunities who does more entry and exit
Uptrend : PNB, UBI & CHAMBLFERT
Downtrend : CAIRN, HINDALCO & TECHM
Maintain appropriate S/L for all the positions.
Nifty Technicals
RSI (5 D): 65 --- RSI (14 D): 57 --- Williams R: 71
S 2 | S 1 | Pivot | R 1 | R 2 |
4250.35 | 4337.25 | 4385.85 | 4472.75 | 4521.35 |