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AS EXPECTED NIFTY CONTINUED ITS UPWARD JOURNEY AFTER FAILING TO CLOSE BELOW 8523.

NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 8812 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 8919/9036/9154/9267/9309.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 8636 WILL OPEN DOWNSIDE TARGETS OF 8523/8391/8343/8267/8178.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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