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F&O Radar | Deploy Bear Put Spread in Nifty for gains from bearish sentiment
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The Nifty Index declined further on Friday, February 21, dropping 117 points and closing at 22,795, its lowest closing since 6th June 2024, when it closed at 22,821.One can also see a descending triangle pattern forming in Nifty, which is considered a breakdown pattern and when Nifty closes below the 22,725 level, a downward trend is likely to resume.“We see Nifty heading towards the next important Fibonacci level of 22,444 with the lower end of
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