India VIX closed at 39.21 prev 37.59, increased by 4.31% suggests INSTABILITY
DO NOT TRADE WITHOUT STOPLOSS....
| Global Markets | ||
| US Markets | Closed Positive | Positive |
| Asian Markets | Trading Positive | Positive |
| SGX Nifty | Trading at 4675 | +21.5pts |
Positional strategy for NIFTY
| Genie's Strategy | Buy at lower levels | Neutral |
| Todays Closing S/L | Long | 4480 |
| Todays Closing S/L | Short | 4730 |
Genie's Pick for the day
| Uptrend | BHARATFORG | HINDALCO | PATNI |
| Downtrend | TVSMOTORS | STAR | WOCKPHARMA |
This segment is for Traders who make most of the oppurtunities who does more entry and exit
Maintain appropriate S/L for all the positions.
Nifty Technicals
RSI (5 D): 75 --- RSI (14 D): 63 --- Williams R: 95
| S 2 | S 1 | Pivot | R 1 | R 2 |
| 4527.75 | 4582.00 | 4625.90 | 4680.15 | 4724.00 |