Nifty

Nifty has broken below its 20 MA on Monday on daily charts and it retested its 20 MA again today but failed to cross and close above it. According to me this is a very good short , one can use put option spread for this play, buy 12100 PE and sell 11800 PE for 9th jan expiry with 1:1 ratio.
Chart PatternsTechnical Indicators

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