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AS EXPECTED NIFTY CONTINUED ITS UPWARD JOURNEY AFTER FAILING TO CLOSE BELOW 11820.


NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 11988 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 12088/12233/12454/12572/12787.


HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 11820 WILL OPEN DOWNSIDE TARGETS OF 11715/11651/11522/11444/11335.


STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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