WE CAN SHORT PUTS AS IT CAME OUT FROM CONSOLIDATION ZONE. THE consolidation zone was 38800 to 39900. Now the BANKNIFTY took the support at 39900 we can expect the range from 39900 to 41000 range. Just observe the range given clearly. Once if market reaches 41000 the martket may fall some what intensively if bulls fails to break the brearish trend and possibility to make another low.
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