Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 21 July expiry

Indian markets traded lower on Tuesday, with the BSE Sensex declining 408.59 points (0.53%) to 77,207.81 and the Nifty 50 falling 113.35 points (0.47%) to 24,097.65, weighed by weak global cues from US-Iran tensions and elevated crude oil prices. Selling was broad-based across Nifty Auto, PSU Bank, Realty, FMCG and IT, while Pharma and Metals traded in the green. Axis Securities recommended a Bull Call Spread strategy for the 21 July expiry, buying the 24,250 Call and selling the 24,500 Call, with a maximum risk of about 6,240 rupees and maximum reward of about 10,010 rupees, expecting a moderately bullish view.