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AS EXPECTED NIFTY CONTINUED ITS DOWNTREND AFTER FAILING TO CLOSE ABOVE 5161 FOR THREE CONSECUTIVE DAYS.

NOW FOR DOWNTREND TO CONTINUE NIFTY NEEDS TO CLOSE BELOW 4940 FOR TWO
CONSECUTIVE DAYS FOR DOWNSIDE TARGETS OF 4884/4724/4627/4547/4444.

HOWEVER TWO 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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