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AS EXPECTED NIFTY CONTINUED ITS UPWARD JOURNEY AFTER FAILING TO CLOSE BELOW 11555.


NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 11651 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 11715/11820/11988/12088/12233.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 11555 WILL OPEN DOWNSIDE TARGETS OF 11444/11335/11215/11152/11080.


STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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