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Market Profile Analysis dated 06th Feb 2025

Nifty Feb F: 23688 [ 23809 / 23660 ] Open Type ORR (Open Rejection Reverse) Volumes of 4,772 contracts Below average Initial Balance 109 points (23809 – 23700) Volumes of 15,199 contracts Below average Day Type Normal Variation (‘b’) – 149 pts Volumes of 55,302 contracts Below average NF made an attempt to probe into previous […]

Nifty Feb F: 23688 [ 23809 / 23660 ]

Open Type
ORR (Open Rejection Reverse)
Volumes of 4,772 contracts
Below average
Initial Balance
109 points (23809 – 23700)
Volumes of 15,199 contracts
Below average
Day Type
Normal Variation (‘b’) – 149 pts
Volumes of 55,302 contracts
Below average

NF made an attempt to probe into previous value but got rejected leaving an initiative selling tail from 23809 to 23755 and went on to get accepted in the upper part of the 04th Feb NeuX profile while making marginal REs lower as it hit 23660 taking support just above that day’s VWAP of 23654.

The auction has formed a long liquidation ‘b’ shape profile so will need sellers to push it below today’s Value and 23654 for a test of the AVWAP of 23618 and a revisit to the FA of 23496 whereas on the upside it will need to get some demand above today’s VWAP of 23708 for a test of the A period singles.

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

Daily Zones
  • Largest volume (POC) was traded at 23693 F and VWAP of the session was at 23708
  • Value zones (volume profile) are at 22666-23693-23720
  • HVNs are at 23554 / 23612** (** denotes series POC)
Weekly Zones
  • Weekly Charts can be viewed here
  • (31Jan-06Feb) – NF has formed a Neutral Extreme profile on the weekly timeframe with completely higher Value at 23466-23612-23770 with the VWAP at 23595 which will be the important support for the new week with the immediate reference being 04th Feb’s NeuX VWAP of 23654 and the Swing support for the series at the FA of 23496
Monthly Zones
  • The settlement day Roll Over point (Feb 2025) is 23428
  • The VWAP & POC of Jan 2025 Series is 23342 & 23163 respectively
  • The VWAP & POC of Dec 2024 Series is 24193 & 24621 respectively
  • The VWAP & POC of Nov 2024 Series is 23978 & 24185 respectively
Business Areas for 07th Feb 2025
Up
23708 – VWAP (06 Feb)23755 – Sell Tail (06 Feb)23802 – VAL (05 Feb)23849 – Sell Tail (05 Feb)23881 – Sell Tail (09 Jan)23925 – 1 ATR (yPOC 23693)
Down
23680 – M TPO low (06 Feb)23654 – NeuX VWAP (04 Feb)23618 – AVWAP (03 Feb)23558 – D TPO POC (04 Feb)23496 – FA (04 Feb)23453 – Tail (03 Feb)

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