Market Profile Analysis dated 15th Dec 2025

Largest volume (POC) was traded at 26108 F and VWAP of the session was at 26066

Value zones (volume profile) are at 26040-26108-26130

NF confirmed a FA (Failed Auction) at 26061 on 10 Dec and completed the 1 ATR target of 25874 on the same day. However this FA got revisited on 12th and is no longer a valid reference.

HVNs are at 26240 / 26335** (** denotes series POC)

Weekly Charts can be viewed here

(03-09 Dec) - NF has formed a Neutral Extreme weekly profile to the downside with mostly lower Value at 26046-26092-26317 after stalling just below previous week's POC of 26382 resulting in a test of the lower weekly VPOC of 25880 where it left a small tail which will need to be taken out for more downside in the coming week towards immediate targets of 25812 & 25731 whereas on the upside the NeuX VWAP of this week at 26125 will act as a Swing reference.

(26Nov-02Dec) - NF took out previous week's VWAP of 26248 and went on to hit new ATH of 26495 but left a Failed Auction (FA) there marking the end of the upside and ended up forming a Normal Variation ('p' shape) profile for the week with overlapping to higher Value at 26288-26382-26477 with a close below value hence the buying tail from 26181 to 26085 will be the immediate support zone for the next week

(19-25 Nov) - NF has formed a Neutral Extreme profile to the downside on the weekly with mostly overlapping Value at 26108-26170-26331 with the important NeuX VWAP at 26248 which will be the Swing reference as we get into a new series

The settlement day Roll Over point (Dec 2025) is 26060

The VWAP & POC of Nov 2025 Series is 25915 & 25969 respectively

The VWAP & POC of Oct 2025 Series is 25501 & 25875 respectively

The VWAP & POC of Sep 2025 Series is 24897 & 24660 respectively

Largest volume (POC) was traded at 59678 F and VWAP of the session was at 59572

Value zones (volume profile) are at 59474-59678-59748

BNF confirmed a FA (Failed Auction) at 60353 on 01 Dec and completed the 2 ATR target of 59569 on 03rd. This FA ihas not been revisted and is now a Swing reference.

HVNs are at 59800** (** denotes series POC)

Weekly Charts can be viewed here

(08-12 Dec) - BNF has formed a well balanced weekly profile with a selling tail at top from 59960 to 60080 along with an extension handle at 59836 forming overlapping to lower Value at 59294-59526-59697 so need to show initiative activity for a move away from this Value.

(01-05 Dec) - BNF opened the week with new ATH of 60353 but confirmed a daily FA triggering a probe lower as it not only completed the 2 ATR target of 59569 but continued lower to 59314 from where it bounced back to test the NeuX VWAP of 60069 leaving a Normal Variation weekly profile to the downside though Value was overlapping to higher at 59587-59655-60081 with a close near the VAH so can look to revisit the FA which is at T+5 days

The settlement day Roll Over point (Dec 2025) is 59150

The VWAP & POC of Nov 2025 Series is 58602 & 58937 respectively

The VWAP & POC of Oct 2025 Series is 57124 & 58160 respectively

The VWAP & POC of Sep 2025 Series is 54641 & 54591 respectively