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AS EXPECTED NIFTY STARTED ITS UPWARD JOURNEY AFTER FAILING TO CLOSE BELOW 10645.


NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 10884 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 10972/11152/11215/11335/11522.


HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 10738 WILL OPEN DOWNSIDE TARGETS OF 10645/10575/10446/10387/10259.


STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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