Here is a composite profile from yesterday afternoon.
5408 marked the zone where the previous auction ended and the new one started which took the Nifty to 5485.
Hence we prefer to look at this as one single profile than two from yesterday.
Currently the seller is testing the breakout zone.
The large TPO buildup shows the possibility of this zone holding up, but confirmation would be only on trade above 5550.Also OF is dominated by sellers at the moment.
Will the lower level hold?
Only OF can answer.
