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AS EXPECTED NIFTY STARTED ITS PULLBACK AFTER FAILING TO CLOSE BELOW 4357.

NOW TWO CONSECUTIVE NIFTY CLOSE ABOVE 4724 WILL OPEN UPSIDE TARGETS OF 4773/4884/4930/5011/5161.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 4444 WILL OPEN DOWNSIDE TARGETS OF 4357/4244/4156/4040/3930.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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Comment by STOCKSSTAR on August 18, 2009 at 4:26pm
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