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AS EXPECTED NIFTY CONTINUED ITS UPWARD JOURNEY AFTER FAILING TO CLOSE BELOW 5381.

NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 5651 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 5730/5780/5840/5908/6012.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 5431 WILL OPEN DOWNSIDE TARGETS OF 5322/5227/5100/5011/4940.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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