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AS EXPECTED NIFTY CONTINUED ITS DOWNTREND AFTER FAILING TO CLOSE ABOVE 11343.


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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