In market profile we learn to distinguish and trade the market not based on time or day but actually on the type of auction taking place.
Since RBI day we have had 4 different mini auctions taking place.
Have a look at this profile chart :
The chart is annotated.
We are developing a clear balance now around 5717 Apr.
We are also seeing the effect of previous selling around 5742 Apr.
The current value is defined around 5714- 5734 and a convincing break should set up an easy move to imbalance.
The immediate target above would be 5788. Below 5678 it will be difficult to hold a long bias.