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NIFTY VIEW @ JANUARY FIRST WEEK ( 3RD JANUARY 2022 TO 7TH JANUARY 2022 )

AS EXPECTED NIFTY COMPLETED TWO UPSIDE TARGETS AFTER CLOSING ABOVE 17085.


NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 17444 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 17555/17666/17777/17922/18055.


HOWEVER, THREE CONSECUTIVE NIFTY CLOSES BELOW 17256 WILL OPEN DOWNSIDE TARGETS OF 17146/17085/16933/16788/16666.


STOCK FUTURE POSITIONS NEED TO BE HEDGED WITH OPTIONS.

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