Here are the profiles for Nifty and BankNifty which show the sideways trend short term.
yesterday was the 4th session within the range established on the 11th of OCT.
The grey volume bars on the extreme right show the balance developing.
Yesterday the profile moved within the lower region of the move done on tuesday with a single print at 5695.
This level is critical to the day today. Any move above takes it to the upper distribution and to 5720/ 30.
No clear indications of a break of range yet, but profile building up steam for a move.