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Market Profile Analysis dated 17th Mar 2026

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

Nifty Mar F: 23617 [ 23670 / 23372 ] Normal Variation (Up)

Open Type

OAIR (Open Auction)

Volumes of 10,281 contracts

Below Average

Initial Balance

23567 - 23372 (195 points)

Volumes of 28,701 contracts

Above Average

Day Type

23670 - 23372 (297 points) Normal Varition

Volumes of 1,16,267 contracts

Above Average

NF opened in previous session's NeuX (Neutral Extreme) zone making an OAIR start with a probe lower but held the extension handle of 23365 as it made a low of 23372 indicating that the buyers who caused the NeuX were still in the game triggering a fresh upmove which saw the NeuX high being taken out but the auction then made the dreaded C side extension to 23605 which showed typical rejection getting back below VWAP and testing the morning low where once again demand held strongly causing a probe back higher as it went on to make fresh REs (Range Extension) hitting 23670 testing the AVWAP from Swing High of 10th Mar and saw the dPOC shift higher to 23613 into the close.

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Daily Zones (Click for details)

  • Largest volume (POC) was traded at 23613 F and VWAP of the session was at 23529

  • Value zones (volume profile) are at 23465-23613-23625

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

  • HVNs are at 24390** / 25625 (** denotes series POC)

Weekly Zones (Click for details)

  • Weekly Charts can be viewed here

  • (11-17 Mar) - NF formed an elongated 1350 point range Trend Down week moving away from previous week's Neutral Centre profile but saw sellers covering at the lows of 23025 as seen in the responsive tail till 23093 with the POC also shifting to the lower segment at 23216 with a close above the VWAP of 23568.

  • (04-10 Mar) - NF has formed a Neutral Centre weekly profile in an elongated range of 1167 points with completely lower Value at 23804-24390-24599 with the overlapping of the POC & VWAP at 24390 & 24400 being the zone to watch as we enter the next week with the HVN of 24695 being an important reference on the upside.

  • (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 18th 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

23629 - Tail (17 Mar)

23670 - PDH (17 Mar)

23734 - VPOC (12 Mar)

23804 - Ext Handle (Mar)

23888 - Tail (12 Mar)

23946 - M TPO POC (11 Mar)

Down

23605 - HVN (17 Mar)

23540 - PBL (17 Mar)

23499 - SOC (17Mar)

23432 - G TPO VWAP (17 Mar)

23365 - Ext Handle (16 Mar)

23295 - NeuX VWAP (16 Mar)

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: 54994 [ 55089 / 54221 ] Normal Variation (Up)

Open Type

OAIR (Open Auction)

Volumes of 3,810 contracts

Below Average

Initial Balance

54699 - 54221 (479 points)

Volumes of 9,240 contracts

Below Average

Day Type

55089 - 54221 (868 points) Normal Variation

Volumes of 35,831 contracts

Average

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

Daily Zones (Click for details)

  • Largest volume (POC) was traded at 54994 F and VWAP of the session was at 54648

  • Value zones (volume profile) are at 54499-54994-55075

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

  • HVNs are at 59272** (** denotes series POC)

Weekly Zones (Click for details)

  • Weekly Charts can be viewed here

  • (09-13 Mar) - BNF has formed a Neutral Extreme weekly profile to the downside with completely lower Value at 55015-56302-57076 with a selling tail from 54526 to 55200 which will be immediate zone to watch on the upside in the coming week.

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 18th 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

55045 - Tail (17 Mar)

55175 - A TPO VWAP (12 Mar)

55280 - AVWAP (10 Mar)

55405 - VPOC (12 Mar)

55590 - K TPO h/b (12 Mar)

55691 - K TPO POC (12 Mar)

Down

54993 - POC (17 Mar)

54877 - Ext Handle (17 Mar)

54755 - K TPO VWAP (17 Mar)

54648 - VWAP (17 Mar)

54500 - HVN (17 Mar)

54298 - Buy Tail (17 Mar)

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