The seller is in control of the weekly timeframe having dominated the daily through most of March and half of April. Here are weekly charts of the May Futures .
The Nifty profile above shows a seller dominant at the highs and poor lows .
Poor lows in Market Profile point to a bottom not in and prices stretching down further to meet buyers .
The BNF profile is in balance and prices would be exploring opportunity higher as long as they reamin above the highest volume node of the week currently near 18420 levels.
We will update more in our weekend update.