Yesterday's double distribution in the markets is seeing a follow through near the single prints of yesterday afternoon following a weak open on global cues.
Short term the market is still holding on to the gains as the single prints marked in the charts show that these are strong hands holding the market up.
In another post- http://www.vtrender.com/content/nifty-profile-chart, I had mused about the FII numbers which have been fairly large lately.This is definitely keeping the market up despite global weakness.
As remarked yesterday, as long as the market stays above the upper boundary of yesterday's DD currently at 5320, buyers will be expected to drive the market up.
The current auction when it is complete and fills up yesterday's single prints between 5320- 5348 will invite the next move.