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AS EXPECTED NIFTY CONTINUED ITS DOWNTREND AFTER FAILING TO CLOSE ABOVE 4940.
 
NOW FOR DOWNTREND TO CONTINUE NIFTY NEEDS TO CLOSE BELOW 4800 FOR TWO CONSECUTIVE DAYS FOR DOWNSIDE TARGETS 4724/4627/4547/4444/4357.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE ABOVE 5011 WILL OPEN UPSIDE TARGETS OF 5161/5227/5322/5431/5555.
 
STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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