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AS EXPECTED NIFTY CONTINUED ITS UPWARD JOURNEY AFTER FAILING TO CLOSE BELOW 7732.


NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 7960 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 8066/8178/8343/8523/8703.


HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 7823 WILL OPEN DOWNSIDE TARGETS OF 7732/7600/7503/7414/7333.


STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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