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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.

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