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Is BN reflection of current economic recovery?

NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Is BN reflection of current economic recovery? Since Pandemic start markets are moving in a way that cannot be directly linked to economy. Whatever is justification like price factored with bad news or good news or liquidity flow, BN has shown that it has gor upper cap and difficult to move on each and every news.
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