The gap 10566-10588 remained unfilled even on 3rd day and I take it as a sign of inherent bullishness. However, the much reduced Futurz Prem speaks of prevailing cautiousness among market participants. I would go with the old saying: "Never short dull markets"
Trade closed manually:
correction might come from these levels
YES..I have also been waiting for the gap to be filled and the market to come to 10513 from where all time high could be witnessed..but the gap did not get a fill and market started moving up yesterday..sgx nifty is showing a gap up opening today..lot of put writing at 10600...resulting in PCR going up. In 2014, this PCR brought the market down..now not anytime soon..think we may see blip during budget day..keeping my fingers crossed