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AS EXPECTED NIFTY CONTINUED ITS DOWNTREND AFTER FAILING TO CLOSE ABOVE 8343.

NOW FOR DOWNTREND TO CONTINUE NIFTY NEEDS TO CLOSE BELOW 8178 FOR TWO CONSECUTIVE DAYS FOR DOWNSIDE TARGETS OF 8066/7960/7823/7732/7600.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE ABOVE 8267 WILL OPEN UPSIDE TARGETS OF 8343/8523/8703/8812/8948.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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