Love Vtrender Charts? Check out our new offer!

Vtrender

Market Profile Analysis dated 03rd Apr 2025

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

Nifty Apr F: 23326 [ 23411 / 23279 ]

Open Type

ORR (Open Rejection Reverse)

Volumes of 16,588 contracts

Above Average

Initial Balance

23382 - 23279 (103 points)

Volumes of 29,115 contracts

Average

Day Type

23411 - 23279 (132 points) Normal

Volumes of 68,519 contracts

Below Average

NF opened lower but held the extension handle of 23275 (20th Mar) signalling buyers defending this zone resulting in a probe higher in the Initial Balance (IB) to 23382 as it got back into previous Value triggering the 80% Rule but made the dreaded C side extension to 23411 tagging the yPOC but could not sustain marking the end of the upside for the day.

The auction then remained in a narrow range making a slow retracement lower as it tested the IB singles of 23311 into the close leaving a 'p' shape profile with overlapping value for the 3rd consecutive day which gives a 3-day composite at 23298-23359-23420 with the VWAP at 23400 and will need to give a move away from this zone for a fresh imbalance to begin.

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

Daily Zones

  • Largest volume (POC) was traded at 23359 F and VWAP of the session was at 23344

  • Value zones (volume profile) are at 23313-23359-23368

  • HVNs are at 23392** (** denotes series POC)

Weekly Zones

  • Weekly Charts can be viewed here

  • (28Mar-03Apr) - The weekly profile is a DD again but to the downside forming completely lower value at 23281-23392-23599 with the VWAP shifting lower near the POC at 23402 and will be the immediate supply point to be taken out by the buyers if they intent to test the extension handle of 23560 & 28th Mar's VWAP of 23672 in the coming week whereas on the downside, the buying extension handle of 23250 will be the support below which NF can go for a test of the VPOC at 23105 & Trend VWAP of 23032

  • (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 04th 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

23331 - M TPO high (03 Apr)

23383 - F TPO POC (03 Apr)

23430 - HVN (02 Apr)

23480 - 01 Apr Halfback

23521 - C TPO h/b (01 Apr)

23560 - Weekly Ext Handle

Down

23311 - Buy tail (03 Apr)

23249 - Ext Handle (20 Mar)

23208 - C TPO h/b (20 Mar)

23172 - Buy Tail (20 Mar)

23113 - VPOC (19 Mar)

23067 - B TPO VWAP (19 Mar)

BankNifty Apr F: 51798 [ 51865 / 51200 ]

Open Type

ORR (Open Rejection Reverse)

Volumes of 8,439 contracts

Above Average

Initial Balance

51691 - 51200 (492 points)

Volumes of 17,678 contracts

Above Average

Day Type

51865 - 51200 (665 points) Normal Variation

Volumes of 42,901 contracts

Average

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 51805 F and VWAP of the session was at 51638

  • Value zones (volume profile) are at 51568-51805-51864

  • HVNs are at 51190 / 51821** (** 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 04th 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

51790 - HVN (03 Apr)

51896 - Sell Tail (01 Apr)

52048 - PBH (28 Mar)

52135 - C TPO VWAP (26 Mar)

52224 - FA (26 Mar)

52355 - Weekly 1.5 IB

Down

51770 - I TPO VWAP (03 Apr)

51638 - VWAP (03 Apr)

51535 - 03 Apr Halfback

51428 - A TPO VWAP (03 Apr)

51321 - IB Tail mid (03 Apr)

51190 - POC (01 Apr)

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