Well the last 10 days have been alternate up and down days...
Its difficult to get to any meaningful conclusion during expiry week, where unwinding naturally occurs to take advantage of buying back premiums at lower cost
But just looking at data in general, looks like FII's have entered fresh short positions. There was more unwinding in Puts than Calls of 5700 levels indicating PE writers were scampering to cover their positions.
Future markets also saw some fresh shorts being initiated
If we didn't have a holiday, i would have bet that Nifty would have opened near 5630 support levels. But who knows after festivities, it will be a new chapter