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Market Profile Analysis dated 02nd Mar 2026

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

Nifty Mar F: 24982 [ 25151 / 24743 ] Normal Variation (Down)

Open Type

OAOR (Open Auction)

Volumes of 29,566 contracts

Above Average

Initial Balance

25151 - 24972 (179 points)

Volumes of 49,038 contracts

Above Average

Day Type

25151 - 24743 (408 points) Normal Variation

Volumes of 1,40,871 contracts

Above Average

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NF continued the closing imbalance of previous session with a big gap down open of 239 points as it got back into the 02nd Feb's profile and gave a small bounce in the IB (Initial Balance) which stalled just below that day's IBH of 25155 indicating sellers holding control resulting in a OTF (One Time Frame) probe lower till the J TPO as it went on to make a low of 24743 and saw some profit booking at the 2025 POC level of 24786 seen in the responsive tail it left till 24800 triggering a bounce back to VWAP and dPOC into the close.

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Daily Zones (Click for details)

  • Largest volume (POC) was traded at 24994 F and VWAP of the session was at 24974

  • Value zones (volume profile) are at 24928-24994-25142

  • NF confirmed a FA at 25817 on 25/02 and completed the 2 ATR target of 25397 on the 27/02.

  • HVNs are at 25625** (** denotes series POC)

Weekly Zones (Click for details)

  • Weekly Charts can be viewed here

  • (25Feb-02Mar) - NF scaled above previous week's NeuX VWAP of 25739 but got rejected from the POC of 25816 confirming a daily FA there on Wednesday which not only hit the 2 ATR objective of 25397 but went on to leave a Triple Distribution Trend Down profile for the current week with couple of extension handles at 25540 & 25401 with another zone of singles from 25147 to 25320 as the auction went on to make a low of 24743 showing some profit booking at the 2025 POC level as it left a responsive tail till 24800. Value for the week was overlapping to lower at 25312-25626-25815 but the 2 most important references going forward would be the VWAP of 25364 and the POC of 25625

  • (18-24 Feb) - NF has formed a Neutral Extreme (NeuX) weekly profile to the downside with mostly overlapping and balanced Value at 25653-25816-25924 with a close below it but at the same time has also left a small tail at an earlier weekly VPOC of 25540 so will need the stay below it for more downside in the coming week with this week's NeuX VWAP of 25739 being a Swing reference.

Monthly Zones (Click for details)

  • The settlement day Roll Over point (Mar 2026) is 25610

  • The VWAP & POC of Feb 2026 Series is 25593 & 25727 respectively

  • The VWAP & POC of Jan 2026 Series is 25633 & 25200 respectively

  • The VWAP & POC of Dec 2025 Series is 25988 & 25937 respectively

Business Areas for 04th Mar 2026

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

Up

25015 - PBH (02 Mar)

25075 - B TPO VWAP (02 Mar)

25147 - Sell Tail (02 Mar)

25219 - Gap mid (02 Mar)

25286 - Spike low (27 Feb)

25333 - VPOC (27 Feb)

Down

24972 - Monthly IBL

24907 - K TPO POC (02 Mar)

24840 - J TPO VWAP (02 Mar)

24800 - Tail (02 mar)

24726 - 1 ATR (24972)

24661 - 1 ATR (24907)

Adiitonal Hypos (Down)

24594 - 1 ATR (24840)

24515 - Monthly ATR

24455 - 2 ATR (02 Mar h/b)

24385 - 2 W ATR (WPOC 25625)

24348 - 2 ATR (24840)

24308 - 1 M ATR (RO 25610)

24251 - 2 ATR (PDL)

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

WhatsApp me (Uttam Goel) on +91 90362 79747 if you need more information

BankNifty Mar F: 60213 [ 60622 / 59749 ] Normal Variation (Down)

Open Type

OAOR (Open Auction)

Volumes of 11,816 contracts

Above Average

Initial Balance

60622 - 60054 (568 points)

Volumes of 19,818 contracts

Above Average

Day Type

60622 - 59749 (872 points) Normal Variation

Volumes of 46,312 contracts

Above Average

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

Daily Zones (Click for details)

  • Largest volume (POC) was traded at 60244 F and VWAP of the session was at 60271

  • Value zones (volume profile) are at 59926-60244-60442

  • BNF confirmed a FA at 61767 on 24/02 and completed the 1 ATR target of 60652 on the 02/03.

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

Weekly Zones (Click for details)

  • Weekly Charts can be viewed here

Monthly Zones (Click for details)

  • The settlement day Roll Over point (Mar 2026) is 61410

  • The VWAP & POC of Feb 2026 Series is 60730 & 60672 respectively

  • The VWAP & POC of Jan 2026 Series is 59575 & 59681 respectively

  • The VWAP & POC of Dec 2025 Series is 59257 & 59283 respectively

Business Areas for 04th Mar 2026

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

Up

to be updated...

Down

to be updated...

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

WhatsApp me (Uttam Goel) on +91 90362 79747 if you need more information