Love Vtrender Charts? Check out our new offer!

Market Profile Analysis dated 20th Mar 2026

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

Nifty Mar F: 23140 [ 2378 / 23069 ] Neutral Extreme (Down)

Open Type

OAIR (Open Auction)

Volumes of 18,141 contracts

Below Average

Initial Balance

23349 - 23180 (170 points)

Volumes of 36,651 contracts

Average

Day Type

23378 - 23069 (309 points) Neutral Extreme

Volumes of 1,36,932 contracts

Average

 New to Market Profile? Start here:

• Market Profile basics: https://vtrender.com/pillar/market-profile
• Key concepts glossary: https://vtrender.com/glossary
• Short reads on structure & flow: https://vtrender.com/posts

The MarketProfile concepts of RE, FA and TPOs are explained in the Glossary section - kindly refer to https://vtrender.com/glossary

NF opened higher and left an initiative buying tail at previous day's VWAP indicating absence of supply as it tested the HVN of 23340 on the upside and remained in this range for the first couple of hours before making an attempt to extend higher in the E TPO where it got back big sellers who not only pushed the auction back into the IB (Initial Balance) but went on to confirm a FA (Failed Auction) at 23378 and tagged the YPOC of 23110 while making a low of 23069 just falling short of the 1 ATR objective of 23038 leaving a Neutral Extreme Day down on the daily but has formed a nice 2-day balance on the higher timeframe and can get into imbalance mode again in the next session.

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

All the Charts and Tools available at charts.vtrender.com 

Daily Zones (Click for details)

  • Largest volume (POC) was traded at 23270 F and VWAP of the session was at 23326

  • Value zones (volume profile) are at 23156-23270-23326

  • NF confirmed a FA at 23378 on 20/03 and the 1 ATR target comes to 23038.

  • NF confirmed a weekly FA at 23875 on 19/03 and completed the 1 ATR target of 23143 on the 19/03. The 2 ATR mark is down at 22409.

  • 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 23rd 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

23180 - IBL (20 Mar)

23224 - 20 Mar Halfback

23270 - POC (20 Mar)

23310 - PBH (20 Mar)

23378 - FA (20 Mar)

23417 - 1 ATR (23069)

Down

23137 - M TPO VWAP (20 Mar)

23069 - NeuX Low (20 Mar)

23011 - Tail (19 Mar)

22962 - 1 ATR (23310)

22922 - 1 ATR (23270)

22876 - 1 ATR (23224)

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: 53554 [ 54533 / 53420 ] Normal Variation (Down)

Open Type

OA (Open Auction)

Volumes of 6,422 contracts

Average

Initial Balance

54533 - 53743 (790 points)

Volumes of 12,578 contracts

Above Average

Day Type

54533 - 53420 (1114 points) Normal Variation

Volumes of 46,277 contracts

Above Average

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

Daily Zones (Click for details)

  • Largest volume (POC) was traded at 54322 F and VWAP of the session was at 53975

  • Value zones (volume profile) are at 53712-54322-54412

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

  • HVNs are at 53929** / 59272 (** denotes series POC)

Weekly Zones (Click for details)

  • Weekly Charts can be viewed here

  • (16-20 Mar) - BNF has formed a Neutral weekly profile after the new lows of 53460 on Monday saw profit booking and a bounce back to 55660 where it left a responsive selling tail and reversed the probe to the downside hitting fresh lows of 53290 on Thursday but once again left a small tail and saw the series POC shift lower from 59272 to 53929 and will be the reference to watch in the coming week. Value for this week was completely lower at 53609-53938-54709 with the VWAP at 54306

  • (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 23rd 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

53583 - L TPO VWAP (20 Mar)

53743 - IBL (20 Mar)

53900 - J TPO POC (20 Mar)

54048 - I TPO VWAP (20 Mar)

54230 - HVN (20 Mar)

54413 - Sell Tail (20 Mar)

Down

53550 - HVN (20 Mar)

53420 - Tail (Mar)

53290 - Swing low (19 Mar)

53052 - 1 ATR (54048)

52904 - 1 ATR (53900)

52747 - 1 ATR (53743)

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