Here's the orderflow and profile of Nifty and the banknifty for last week.
The major activity happened on tues based on the RBI news flow. and we had a balance developing on wednesday followed by a move lower from late thursday.
On friday the markets closed away from value and near week lows which would imply that if there is no follow through selling early on Monday then we will visit the POC at 5884 again. Only on a cross above friday's POC the market is expected to be in control of buyers to an extent.
The Orderflow and Profile of BNF is the same as the NF above with a rise earlier in the week followed by selling later.
The profile chart shows 2 levels of single prints near 12240 which is the next big support for the market.