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NIFTY VIEW @ JANUARY FIRST WEEK
AS EXPECTED NIFTY COMPLETED ONE DOWNSIDE TARGET AFTER CLOSING BELOW 12233.
NOW TWO CONSECUTIVE NIFTY CLOSE BELOW 12153 WILL OPEN DOWNSIDE TARGETS OF 12088/11988/11820/11715/11651.
HOWEVER THREE CONSECUTIVE NIFTY CLOSE ABOVE 12343 WILL OPEN UPSIDE TARGETS OF 12454/12572/12692/12787/12903.
STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.
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