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

NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 5525 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 5651/5730/5780/5840/5908.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 5381 WILL OPEN DOWNSIDE TARGETS OF 5322/5227/5100/5011/4940.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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