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    Genie's Technical Outlook - 29/3/2010

    India VIX closed at 17.89 prev 17.05, increased by 4.93%

    US Markets

    Closed Mixed

    No Cues for our mkt

    Asian Markets

    Trading Mixed

    No Cues for our mkt

    SGX Nifty

    Trading at 5290

    -2 pts

    Positional strategy for NIFTY

    Genie's Strategy

    Sell On Rise – Range Bound

    Closing S/L for Long

    5220

    Closing S/L for Short

    5320

    Genie's Stock Pick for the day

    Uptrend

    IFCI

    IRB

    EKC

    Downtrend

    SOBHA

    NIIT

    TULIP

    Nifty Technical – Intraday support and resistance

    S2

    S1

    Pivot

    R1

    R2

    5245.55

    5263.75

    5278.75

    5296.95

    5311.95

    Maintain appropriate S/L for all the positions