Today Bank Nifty has confirmed start of down trend. NO MORE LONG PLEASE in BN.
Nifty is yet to confirm the down trend though generally nifty follows big brother BN.
This could be a reasonable correction till mid of next week, where you wont find muuch buying activity due to Festival season and Uthraayan - kite flying -.
Be cautious in your positions. Do not carry CEs overnight.
Remember, Nifty and BN month trend is intact ( UP).
Good Luck!
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