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AS EXPECTED NIFTY STARTED ITS DOWNTREND AFTER FAILING TO CLOSE ABOVE 12153.


NOW TWO CONSECUTIVE NIFTY CLOSE BELOW 11988 WILL OPEN DOWNSIDE TARGETS OF 11820/11715/11651/11522/11444/11335.


HOWEVER THREE CONSECUTIVE NIFTY CLOSE ABOVE 12153 WILL OPEN UPSIDE TARGETS OF 12233/12454/12572/12787/12908.


STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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