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Sunday, March 29, 2009

NIFTY VIEW @ APRIL FIRST WEEK

Sentiment:

AS EXPECTED NIFTY COMPLETED FOUR UPSIDE TARGETS AFTER CLOSING ABOVE 2880.

NOW FOR UPTREND TO CONTINUE NIFTY NEEDS TO CLOSE ABOVE 3221 FOR TWO CONSECUTIVE DAYS FOR UPSIDE TARGETS OF 3333/3447/3505/3550/3630.

HOWEVER THREE CONSECUTIVE NIFTY CLOSE BELOW 3042 WILL OPEN DOWNSIDE TARGETS OF 2980/2928/2813/2725/2613.

STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.

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