Today's open drive in NF met with selling all the way through helped by the BN which went down 300+ points.
After rejecting yesterday;s vwap and POC off the open, the NF spent the latter part of the day in the low volume zone created between 12th and 13th March.
Upper resistance remains 5437 which were previous swing highs and likely to get additional momentum to the bulls should they manage to take the market above it.
Support lower remains around 5380-85 and then 5344 which is a balanced profile .
BankNifty :
The action of today was discussed in this article here