re: Day trading Nifty & Banknifty Futures
See the gradual and significant buildup in last 15 mins on 6200 CE. Also notice the values have increased for both marked PE and CE, both have increased IV.
squared off all my puts.. My analysis is markets ready to zoom up..
Analysis: Look at puts: NO OI buildup, no square off happening. Put writers are comfortable of making money : expeting markets to shoot up, with strong support @ 6000.
CE : Huge build up happening at 6100,6200 levels even 6150 levels.
Look at heavyweights: Sbin ITC etc. Last 15 min,recovering.
Could be trap too. So better to be on sideways preserve my profits of yesterday and watch