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Monday, April 6, 2009

NIFTY VIEW @ APRIL SECOND WEEK

AS EXPECTED NIFTY COMPLETED ONE DOWNSIDE TARGET AFTER CLOSING BELOW 3042.
NOW THREE CONSECUTIVE NIFTY CLOSE BELOW 3042 WILL OPEN DOWNSIDE TARGETS OF 2980/2928/2813/2725/2613.
HOWEVER TWO CONSECUTIVE NIFTY CLOSE ABOVE 3221 WILL OPEN UPSIDE TARGETS OF 3333/3447/3505/3550/3630.
STOCK FUTURE POSITIONS NEEDS TO BE HEDGED WITH OPTIONS.
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