Here is a profile check of the Nifty for the current month.
The chart above is a TPO chart and shows the various places the NF traded during the month.
The green shaded region is the value area and the purple horizontal bars denote high volume points.
5772 and 5664 has been the accepted value for the month and a breakout of this value area on a daily closing basis marks change.
We also see high volumes entering at 5755 and the region marks the minimum condition for the swing trader of today to build long positions in the market.
The BankNifty shows an even flatter performance than the Nifty and 11466 has been a constant high volume zone through the month.
The developing value area is 11540 to 11330 and a breakout of this zone will mark change.