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AS EXPECTED NIFTY STARTED ITS DOWNTREND AFTER FAILING TO CLOSE ABOVE 5525.

NOW FOR DOWNTREND TO CONTINUE NIFTY NEEDS TO CLOSE BELOW 5280 FOR TWO CONSECUTIVE DAYS FOR DOWNSIDE TARGETS OF 5227/5100/5011/4940/4884.

HOWEVER TWO CONSECUTIVE NIFTY CLOSE ABOVE 5470 WILL OPEN UPSIDE TARGETS OF 5555/5651/5730/5780/5840.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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