NIFTY VIEW @ MAY FIRST WEEK

[STOCKSSTAR]

AS EXPECTED NIFTY COMPLETED ALL UPSIDE TARGETS AFTER CLOSING ABOVE 9267.

NOW FOR UPTREND TO CONTINUE NIFTY NEEDS CLOSE ABOVE 9932 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 10081/10187/10259/10387/10446.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 9732 WILL OPEN DOWNSIDE TARGETS OF 9589/9460/9309/9267/9154.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.