Market Profile Analysis dated 18th Mar 2026

Largest volume (POC) was traded at 23804 F and VWAP of the session was at 23774

Value zones (volume profile) are at 23740-23804-23858

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 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.

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

Largest volume (POC) was traded at 55064 F and VWAP of the session was at 55244

Value zones (volume profile) are at 54954-55064-55446

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 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.

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