India VIX closed at 42.52 prev 38.20, increased by 11.31% implies
INSTABILITY
DO NOT TRADE WITHOUT STOPLOSS....
| Global Markets | ||
| US Markets | Closed Positive | Positive |
| Asian Markets | Trading Positive | Positive |
| SGX Nifty | Trading at 4553 | +81 pts |
Positional strategy for NIFTY
| Genie's Strategy | NEUTRAL | NEUTRAL |
| Todays Closing S/L | Long | 4320 |
| Todays Closing S/L | Short | 4592 |
Genie's Pick for the day
| Uptrend | TATAMOTORS | BHARTIARTL | RANBAXY |
| Downtrend | TATASTEEL | TCS | CAIRN |
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): 34 --- RSI (14 D): 50 --- Williams R: 26
| S 2 | S 1 | Pivot | R 1 | R 2 |
| 4325.45 | 4391.45 | 4425.40 | 4491.40 | 4525.30 |