Market Profile Analysis dated 22nd Jul 2025

Daily Zones

• Largest volume (POC) was traded at 25097 F and VWAP of the session was at 25122

• Value zones (volume profile) are at 25081-25097-25139

• NF has confirmed a FA at 25162 on 16/07. This FA was negated on 18/07 and completed the 1 ATR target to the downside of 24998 on same day. The 2 ATR objective stands at 24835

• NF has confirmed a FA at 25670 on 03/07 and completed the 2 ATR target of 25219 on 11/07

• HVNs are at 25349 / 25515 / 25615** (** denotes series POC)

Weekly Zones

• Weekly Charts can be viewed here

• (11-17 Jul) - NF opened with a gap down leaving an extension handle at 25410 on the higher timeframe and saw more selling in form of a second extension handle at 25315 as it tested June's POC of 25109 while making a low of 25076 where it took support forming narrow range Normal Variation profile on the weekly with a nice balanced but completely lower Value area zone at 25155-25237-25274 and looks set to get into an imbalance in the coming week

• (04-10 Jul) - NF opened the week with new lows for the series at 25410 but found demand coming back who took it back in previous range & value tagging the POC & VWAP combo of 25616 & 25624 but saw profit booking in this important zone leaving similar highs on the daily at 25635 & 25646 triggering a move lower back to 25411 into the close leaving a Normal Variation profile with overlapping to lower Value at 25445-25537-25572 with the VWAP of 25519 being an supply point going forward

• (27Jun-03Jul) - NF has formed a rare combination of a Gaussian Curve with a Neutral Extreme (NeuX) Set up on the weekly with completely higher Value at 25561-25616-25722 with the NeuX VWAP at 25624 which has closed below Value so can trigger a probe lower in the coming week towards the previous VPOC of 25349

• (20-26 Jun) - NF has formed an elongated 721 points range Trend Up profile with completely higher Value at 25153-25349-25551 with an extension handle right at the VAH so can expected to continue higher in the coming session(s). This week's VWAP was aligned with the POC at 25334 and will remain an important support point for the new series

• (13-19 Jun) - NF formed a narrow range composite 'p' shape profile with completely lower Value at 24907-24948-25091 and will need a move away from this balance for a fresh imbalance to start

Monthly Zones

• The settlement day Roll Over point (Jul 2025) is 25610

• The VWAP & POC of Jun 2025 Series is 25009 & 25109 respectively

• The VWAP & POC of May 2025 Series is 24673 & 24757 respectively

• The VWAP & POC of Apr 2025 Series is 23417 & 24334 respectively

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Daily Zones

• Largest volume (POC) was traded at 57079 F and VWAP of the session was at 56962

• Value zones (volume profile) are at 56868-57079-57146

• BNF has confirmed a FA at 57060 on 16/07. This FA was negated on 17/07 and is on track to achieve the 2 ATR target to the downside of 56280

• BNF confirmed a FA at 56725 on 26/07 and completed the 2 ATR objective of 57691 on the 30/06. This FA which was a positional support was broken on 18/07 thus can now show change of polarity

• HVNs are at 56784 / 57336** / 57652 (** denotes series POC)

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Weekly Zones

• (14-18 Jul) - BNF left back to back Neutral Extreme (NeuX) profiles to the downside on the weekly timeframe after making an attempt to get above previous NeuX VWAP of 57229 but saw sellers coming back strongly right at the series POC level of 57336 who drove it down to 56354 into the close leaving an extension handle at 56769 forming overlapping to lower Value at 56808-57026-57339 with this week's VWAP of 56931 now being the fresh Swing Supply point

• (07-11 Jul) - BNF has formed a Neutral Extreme (NeuX) profile to the downside confirming a FA at 57499 forming overlapping to lower Value at 57146-57185-57443 from where it has moved away with an extension handle at 57050 making a low of 56814 stalling just above the weekly VPOC of 56784 which will be the support to watch in the coming week whereas on the upside, the NeuX VWAP of 57229 will be the main supply point

• (30Jun-04Jul) - BNF continued previous week's imbalance by opening higher but left a special case A period selling tail at new ATH of 57849 and formed a Normal Variation profile to the downside this week filling up the low volume zone of the last one and took support at the Trend Week's VWAP of 56944 forming overlapping to higher Value at 57239-57687-57748 with the VWAP of 57385 being the immediate supply point for the coming session(s)

• (23-27 Jun) - BNF has formed a Triple Distribution Trend Up profile with completely higher Value at 56574-56784-57308 and the weekly VWAP at 56944 closing around the highs so looks set to continue this imbalance with the 2 ATR mark of 57691 from the daily FA of 56725 being the immediate objective

• (16-20 Jun) - BNF formed a nice Gaussian Curve for the first 4 days of the week filling up the singles zone from 55970 to 56400 from last week before giving a move away to the upside with a Trend Day on Friday making highs of 56498. This week's balance value zone is completely lower at 56013-56400-56497 with the VWAP at 56145

• Weekly Charts can be viewed here

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Monthly Zones

• The settlement day Roll Over point (Jul 2025) is 57260

• The VWAP & POC of Jun 2025 Series is 56200 & 56608 respectively

• The VWAP & POC of May 2025 Series is 55019 & 55320 respectively

• The VWAP & POC of Apr 2025 Series is 52845 & 55353 respectively