NIFTY VIEW @ MAY THIRD WEEK

[STOCKSSTAR]

AS EXPECTED NIFTY CONTINUED ITS DOWNTREND AFTER FAILING TO CLOSE ABOVE 9309 FOR THREE CONSECUTIVE DAYS.

NOW TWO CONSECUTIVE NIFTY CLOSE BELOW 9036 WILL OPEN DOWNSIDE TARGETS OF 8919/8812/8703/8636/8523.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE ABOVE 9267 WILL OPEN UPSIDE TARGETS OF 9309/9460/9589/9732/9852.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.