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--- BANK NIFTY is consolidating between 46500 and 47300 for 4 days now. Trend continuation after a big move looks imminent. Option buying should be avoided if trading between this range. However, reversals can be utilised on higher and lower levels. Option writers can utilise this range for next week. Breakout of this range can give the following positional targets: 47476, 48065, 48832 on the upside 46336, 45735, 45257 on the downside
Remember to book your targets or trail your stop losses in case of reversals.
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