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AS EXPECTED NIFTY CONTINUED ITS DOWNTREND AFTER FAILING TO CLOSE ABOVE 5470.

NOW FOR DOWNTREND TO CONTINUE NIFTY NEEDS TO CLOSE BELOW 5381 FOR TWO CONSECUTIVE DAYS FOR DOWNSIDE TARGETS OF 5322/5227/5100/5011/4940.

HOWEVER TWO CONSECUTIVE NIFTY CLOSE ABOVE 5525 WILL OPEN UPSIDE TARGETS OF 5651/5730/5780/5840/5908.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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