The first round of sell off in Bank Nifty was not captured as it was a straight fall from the top which is very unusual.
Nifty today triggered the sell signal in last half.
At present I think that since this sell signal has come in already oversold signal it minimum exposure can be taken instead of full throttle.
Although the same thinking went wrong in Bank Nifty anad has proven wrong when the direction of market changes.
Attached are the charts.
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