The last 2 sessions in the Nifty and the BankNifty saw FII's make purchases of 2650 CR in the cash segment and 3700 CR in the Index futures.
Do you want to know where this buying happened?
Have a look at this chart :
In market profile the most common way to look for longer time frame activity is to check for single prints.
Single prints are areas of institutional activity where we see a quick rejection in the form of a strong movement away in a short period of time.
Refer to the glossary here- https://www.vtrender.com/content/single-prints
In the chart above we see more evidence of this institutional activity in the highlighted green boxes.
When you see that one should not take a bias against these players and it pays to be on their side always.
Coming back to the market today, at some point of time we need to see this imbalance ending and a distribution happen.
Remember the market flow is from imbalance to balance and back to imbalance.