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Expecting a downside on the Nifty: Imtiyaz Quereshi
Imtiyaz Quereshi expects the Nifty to halt the uptrend and see a marginal correction in the near term, and is recommending a bear put spread on the index between 5,800 and 5,900. He has a negative view on banks and is recommending a similar bear spread on ICICI Bank and State Bank of India.
