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Market Profile Analysis dated 20th Feb 2026

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

Nifty Feb F: 25584 [ 25688 / 25389 ] Normal Variation (Up)

Open Type

ORR (Open Rejection Reverse)

Volumes of 7,716 contracts

Below Average

Initial Balance

25545 - 25389 (155 points)

Volumes of 19,471 contracts

Average

Day Type

25688 - 25389 (298 points) Normal Variation

Volumes of 1,06,237 contracts

Above Average

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Daily Zones (Click for details)

  • Largest volume (POC) was traded at 25617 F and VWAP of the session was at 25584

  • Value zones (volume profile) are at 25565-25617-25673

  • HVNs are at 25385 / 25886** (** denotes series POC)

Weekly Zones (Click for details)

  • Weekly Charts can be viewed here

  • (11-17 Feb) - NF opened the week with a look up above previous week's high but got rejected and formed a Triple Distribution Trend Down profile completely engulfing the last week as it made a low of 25430 taking support just above the RO point of 25400 leaving an important buying tail triggering a pull back to 25777 into the close. Value mostly lower at 25436-24607-25719 but the close above the VWAP of 25714 suggests sellers are out and thus can look for a test of the higher HVNs of 25900 & 25990 in the coming week.

  • (04-10 Feb) - NF has formed a Neutral Extreme (NeuX) weekly profile on the upside yet again as it took support right at previous week's extension handle of 25564 and went on to test the selling singles while making a high of 26044. Value was completely higher at 25601-25714-25890 and has closed above VAH so can expect further inroads in the singles zone with the NeuX VWAP of 25798 being a Swing reference on the downside.

  • (28Jan-03Feb) - NF formed an irregular kind of Neutral Extreme weekly profile with tails at both ends (25960-26320 & 24758-24635) and a zone of singles in the middle (25764-25564) with Value completely overlapping at 24950-25385-25563 with the VWAP at 25372

Monthly Zones (Click for details)

  • The settlement day Roll Over point (Feb 2026) is 25400

  • The VWAP & POC of Jan 2026 Series is 25633 & 25200 respectively

  • The VWAP & POC of Dec 2025 Series is 25988 & 25937 respectively

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

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

Business Areas for 23rd Feb 2026

(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)

Up

25590 - HVN (20 Feb)

25630 - L TPO VWAP (20 Feb)

25690 - AVWAP (11 Feb)

25742 - D TPO POC (19 Feb)

25782 - Ext Handle (19 Feb)

25834 - A TPO VWAP (19 Feb)

Down

25584 - Prev Close

25540 - PBL (20 Feb)

25480 - HVN (20 Feb)

25432 - Buy Tail mid (20 Feb)

25385 - Weekly VPOC (28Jan-03Feb)

25333 - Ext Handle (01 Feb)

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 Feb F: 61179 [ 61400 / 60632 ] Normal Variation (Up)

Open Type

ORR (Open Rejection Reverse)

Volumes of 3,064 contracts

Average

Initial Balance

61141 - 60632 (509 points)

Volumes of 8,056 contracts

Average

Day Type

61400 - 60632 (768 points) Normal Variation

Volumes of 34,258 contracts

Average

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Daily Zones (Click for details)

  • Largest volume (POC) was traded at 61201 F and VWAP of the session was at 61149

  • Value zones (volume profile) are at 61071-61201-61297

  • HVNs are at 60243 / 60800** (** denotes series POC)

Weekly Zones (Click for details)

  • Weekly Charts can be viewed here

Monthly Zones (Click for details)

  • The settlement day Roll Over point (Feb 2026) is 59650

  • The VWAP & POC of Jan 2026 Series is 59575 & 59681 respectively

  • The VWAP & POC of Dec 2025 Series is 59257 & 59283 respectively

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

Business Areas for 23rd Feb 2026

(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)

Up

to be updated...

Down

to be updated...

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