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    Genie's Market Updates 19-Mar-2010

    India VIX closed at 17.97 prev 17.73, increased by 1.35% 
     
    DO NOT TRADE WITHOUT STOPLOSS.... 

    Global Markets
    US Markets Closed Mixed No indication
    Asian Markets Trading Mixed No indication
    SGX Nifty Trading at 5273 +17 pts

     

    Positional strategy for NIFTY

     

    Genie's Strategy

    Buy at lower levels

    		 Long
    Todays Closing S/L Long 5180
    Todays Closing S/L Short 5290

     

    Genie's Pick for the day
     

    Uptrend INDHOTEL APOLLO TYRES IDEA
    Downtrend MCDOWELL HINDPETRO M&M

     

    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

    S 2 S 1 Pivot R 1 R 2
    5197.40 5221.65 5238.65 5262.90 5279.90

    Nifty is Range Bound.