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AS EXPECTED NIFTY CONTINUED ITS UPWARD JOURNEY AFTER FAILING TO CLOSE BELOW 11215.


NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 11522 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 11651/11715/11820/11988/12088.


HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 11444 WILL OPEN DOWNSIDE TARGETS OF 11335/11215/11080/11010/10884.


STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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