Here are the composite profiles for the Nifty and the Bn since the sell-off began at 6210 and 11940.
The Bn has a VPOC at 11288.
The Nifty has a VPOC at 5814 and the large volumes at 5835 are not good news for buyers.
The placement of the VPOC in longer term profiles always gives an indication to the kind of selling in the market.
The current profile on an un-finished day ( today) points to new sellers in the market.
We will evaluate the same at the close.
