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AS EXPECTED NIFTY COMPLETED TWO DOWNSIDE TARGETS AFTER CLOSING BELOW 5161.

NOW TWO CONSECUTIVE NIFTY CLOSE BELOW 4940 WILL OPEN DOWNSIDE TARGETS OF 4884/4724/4627/4547/4444.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE ABOVE 5161 WILL OPEN UPSIDE TARGETS OF 5227/5322/5431/5555/5651.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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Comment by Bhaskar on May 9, 2010 at 11:40pm
very good views on nifty...THANKS

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