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Market Profile Analysis dated 02nd Apr 2025

Daily MarketProfile Analysis of NF & BNF along with Business Areas for next session

Nifty Apr F: 23439 [ 23459 / 23300 ]

Open Type

OAIR (Open Auction)

Volumes of 7,895 contracts

Below Average

Initial Balance

23424 - 23300 (124 points)

Volumes of 22,714 contracts

Below Average

Day Type

23459 - 23300 (160 points) Normal Variation

Volumes of 64,204 contracts

Below Average

NF could not break below previous session's poor lows confirming that downside was getting exhausted as it made an OAIR start taking support at yPOC of 23321 while stalling the yVWAP of 23435 for most part of the day.

The auction made an attempt to spike higher into the close forming a HVN at 23430 but could not close at the highs as supply came in aggressively above yVWAP leaving a 'p' shape profile and an inside day with a failed spike attempt and will need to stay above 23430 to continue higher with today's VWAP of 23394 being the lower support for the next session.

Click here to view the latest profile in NF on Vtrender Charts

Daily Zones

  • Largest volume (POC) was traded at 23411 F and VWAP of the session was at 23394

  • Value zones (volume profile) are at 23371-23411-23438

  • HVNs are at 23393** (** denotes series POC)

Weekly Zones

  • Weekly Charts can be viewed here

  • (21-27 Mar) - NF has formed a Double Distribution Trend Up profile with an initiative buying tail from 23405 to 23315 and an extension handle at 23574 followed by a 4-day balance forming completely higher value at 23694-23762-23922 and has shown signs of profit booking seen in the responsive tail from 23992 to 24035 and the FA at 23911 so this week's VWAP of 23778 will be the important reference for the next week which will decide who can seize control

Monthly Zones

  • The settlement day Roll Over point (Apr 2025) is 23800

  • The VWAP & POC of Mar 2025 Series is 22991 & 22491 respectively

  • The VWAP & POC of Feb 2025 Series is 22982 & 22900 respectively

  • The VWAP & POC of Jan 2025 Series is 23342 & 23163 respectively

Business Areas for 03rd Apr 2025

(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)

Up

23445 - Sell tail (02 Apr)

23480 - 01 Apr Halfback

23521 - C TPO h/b (01 Apr)

23560 - Weekly IBL

23619 - B TPO h/b (01 Apr)

23668 - Sell Tail (Apr)

Down

23430 - HVN (02 Apr)

23394 - VWAP (02 Apr)

23345 - B TPO POC (02 Apr)

23300 - Buy tail (Apr)

23249 - Ext Handle (20 Mar)

23208 - C TPO h/b (20 Mar).

BankNifty Apr F: 51581 [ 51648 / 51055 ]

Open Type

OAIR (Open Auction)

Volumes of 4,865 contracts

Below Average

Initial Balance

51490 - 51055 (434 points)

Volumes of 13,177 contracts

Below Average

Day Type

51648 - 51055 (592 points) Normal Variation

Volumes of 38,627 contracts

to be updated...

to be upated...

Click here to view the latest profile in BNF on Vtrender Charts

Daily Zones

  • Largest volume (POC) was traded at 51460 F and VWAP of the session was at 51442

  • Value zones (volume profile) are at 51350-51460-51569

  • HVNs are at 51190** (** denotes series POC)

Weekly Zones

  • Weekly Charts can be viewed here

  • (24-28 Mar) - BNF has formed a nice Gaussian Curve along with a 'p' shape profile for the week with the buying tail from 51418 to 51009 and completely higher value at 51787-51850-52212 with signs of profit booking at the highs as seen in the FA at 52223 and has closed around the prominent POC of 51850 which will be the reference for the coming week

Monthly Zones

  • The settlement day Roll Over point (Apr 2025) is 51880

  • The VWAP & POC of Mar 2025 Series is 49563 & 48335 respectively

  • The VWAP & POC of Feb 2025 Series is 49361 & 49290 respectively

  • The VWAP & POC of Jan 2025 Series is 49283 & 48728 respectively

Business Areas for 03rd Apr 2025

(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)

Up

51581 - M TPO VWAP (02 Apr)

51650 - SOC (01 Apr)

51788 - B TPO VWAP (01 Apr)

51896 - Sell Tail (01 Apr)

52048 - PBH (28 Mar)

52135 - C TPO VWAP (26 Mar)

Down

51575 - Spike low (02 Apr)

51442 - VWAP (02 Apr)

51327 - AVWAP (11 Mar)

51239 - Buy Tail (02 Apr)

51121 - J TPO POC (01 Apr)

51050 - Swing Low (01 Apr)

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