The market yesterday has given you a bit of a warning sign at around 3:00 PM. It may be just profit taking, but you better watch out for the macro warnings which are there. Crude is at USD 66 -67, fiscal deficit is not helping, so there are issues and the Bank Nifty is distinctly weak. So, my sense is for today with expiry also being there it may not hurt you to just for the day- just for the day maybe try a short trade on the Bank Nifty may be via the options route because if there is especially a bit of a minor gap-up Puts will become cheap and you may want to try a short trade with a caveat that it is just for the day and exclusively on the Bank Nifty.
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