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Deploy modified Put Butterfly strategy in Bank Nifty to create hedge against weakness: Shubham Agarwal Modified Put Butterfly is a 4-legged strategy where 1 lot of Put close to current underlying level is bought against that 2 lots of lower strike Puts are sold and 1 more lot of Put is bought but closer to the Put sold strike. Shubham Agarwal January 25, 2021 / 07:25 AM IST After many weeks of strong run up, Indian equity market saw some amount ...