Market Profile Analysis dated 15th Jan 2025

Nifty Jan F: 23265 [ 23345 / 23201 ]

Open Type
OAIR (Open Auction)
Volumes of 14,187 contracts
Poor
Initial Balance
111 points (23325 – 23214)
Volumes of 34,890 contracts
Poor
Day Type
Neutral Centre – 144 pts
Volumes of 1,43,790 contracts
Below average

NF made an Open Auction start on low volumes and did couple of rounds in previous Value completing the 80% Rule and even repaired previous session’s poor highs but did not find fresh demand triggering a probe lower and confirmation of another FA at 23345 but the downside held just above yesterday’s FA of 23198 as it made a low of 23201 indicating demand holding it.

The auction has left back to back Neutral Centre profiles on the daily timeframe with FAs at the extremes of 23198 & 23345 forming a nice 2-day Gaussian Curve and looks set for a fresh imbalance from here in the coming session with one of the FAs needing to give a gatepass on initiative volumes.

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Daily Zones
  • Largest volume (POC) was traded at 23271 F and VWAP of the session was at 23269
  • Value zones (volume profile) are at 23234-23271-23306
  • HVNs are at 23645** / 23798 / 24113 / 24285 (** denotes series POC)
Weekly Zones
Monthly Zones
  • The settlement day Roll Over point (Jan 2025) is 23915
  • The VWAP & POC of Dec 2024 Series is 24193 & 24621 respectively
  • The VWAP & POC of Nov 2024 Series is 23978 & 24185 respectively
  • The VWAP & POC of Oct 2024 Series is 24776 & 24400 respectively
Business Areas for 16th Jan 2025
Up
23270 – POC (15 jan)
23315 – IS 30 high (15 Jan)
23363 – D TPO VWAP (13 Jan)
23430 – Weekly IBL
23495 – HVN (10 Jan)
23554 – VWAP (10 Jan)
23602 – Monthly IBL
These levels are best actionable once we get confrimation from the OrderFlow charts
Down
23233 – 2-day VAL (14-15 Jan)
23198 – FA (14 Jan)
23136 – Buy tail (13 Jan)
23076 – Monthly 2 IB
23022 – 1 ATR (yPOC 23271)
22991 – Weekly ATR
22920 – Weekly 3 IB
These levels are best actionable once we get confrimation from the OrderFlow charts

You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.