Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 28 July expiry

Nifty 50 traded lower at 24,162.35, down 76.15 points, while Sensex declined 283.28 points to 77,425.24 amid selling in IT and banking stocks. Axis Securities recommended a Bull Call Spread strategy for 28 July expiry, suggesting buying the 24,250 Call at around 170-190 and selling the 24,500 Call at around 75-95, with a break-even point of 24,349. The brokerage indicated a likely weekly trading range between 23,800 and 24,650 based on current at-the-money option premiums of about 363.