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Time to Short Bank Nifty

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NSE:BANKNIFTY   Nifty Bank Index
For a long while bank nifty is trading in range, today it has reached top of the range, chances of breakout are highly unlikely due to GSP, election and global sentiments.
There is a high probability to go down, one can take position in Bank Nifty Put Option Mar Expiry. The upward movement is limited but we can have good downward movement.

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