So, the strategy for the day should be a bull call spread wherein one can buy right now, maybe a covered call on a futures wherein you can buy right now and also sell the higher call options so that you are hedged. So, in case there is no bounce, the loss is limited because you are already trading below the crucial support level of 44,000 there on Bank Nifty.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce