If you're going for a covered call strategy, I would suggest you go for ETFs such as Niftybees (Incase of Nifty) and Bankbees (Incase of BankNifty) for the following reasons:
- Buying ETFs will be a valuable addition to your portfolio and a long-term prospect.
- You can pledge the same in Fyers for margin benefit and form the strategy of Covered Call (As you desire) by selling the call option using such margin.
- This way, you can trade without having to bring in any additional cash margin and attain the course of being a successful trader. Also, you can enjoy the returns generated from the ETFs as a prospective long-term investor.
Hope this clarifies!