Signal system gave continuous 4 Sell signals - Any option writer at 2SD(27000, 27100, 27200) should have got >25 Points profit(Intraday) in First 1 hr .
27000 - 26 Points Profit
27100 - 22 Points Profit
27200 - 16 Points profit
1. Volumes are greater than previous day - Suggests interest from longer time-frame participants. So, Intraday traders should be ready to see some Range extensions.
2. Cash withdrawals are greater than Positive cash flow. BankNifty might undergo Selling pressure.
3. Free Float capitalized weightage - Negative is greater than positive,that means Indian banking system valuation is coming down.
Overall view - MarketProfile suggests that VALUE of BankNifty seems to be in a rejection point above 27100.
BannkNifty is world's highest traded Derivative contract - Its traded by High Frequency trading system,
So any Intraday trader to trade it, specialized trading methodologies are required to be successful.
Any doubts please reach out to me.