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


NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 10972 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 11080/11152/11215/11335/11444.


HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 10777 WILL OPEN DOWNSIDE TARGETS OF 10645/10575/10446/10387/10259.


STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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