Market is expected to trade in range for coming few sessions. It is also expected that we may see consolidation in broader market for few weeks to months.
If you look at the daily chart you will notice majority stocks are under range. You can easily identify support and resistance zone in which stock is trading.
Few example: Nifty, Bank Nifty,Adani port, Reliance, ACC, Asian Paint, Bajaj Finance, etc.
Hence, it is better to trade with hedge only till directional breakout.
Good Luck👍