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AS EXPECTED NIFTY CONTINUED ITS UPWARD JOURNEY AFTER FAILING TO CLOSE BELOW 5982.

NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 6274 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 6357/6454/6566/6650/6753.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 6111 WILL OPEN DOWNSIDE TARGETS OF 6042/5982/5908/5840/5780.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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