Market Profile Analysis dated 22nd Apr 2025

Largest volume (POC) was traded at 24175 F and VWAP of the session was at 24175

Value zones (volume profile) are at 24159-24181-24201

NF had confirmed a FA at 23277 on 16/04 and completed the 2 ATR objective comes to 23808 on 17/04

HVNs are at 23358** / 23392 (** denotes series POC)

Weekly Charts can be viewed here

(11-17 Apr) - NF has formed a Triple Distribution Trend Up profile forming the lower most HVN at 22858 which was followed by a zone of singles from 23277 to 22996 as it formed a prominent POC ar 22361 before moving away from it on the final day leaving another zone of singles from 23768 to 23463 building the top most HVN at 23844. Value was completely higher at 23279-23361-23858 with the VWAP at 23315

(04-09 Apr) - NF opened the week with a gap down below 23250 and left an initiative selling tail on Friday and went on to leave an extension handle at 22992 to spike lower to 22920 into the close and followed it with a huge 757 points gap down on Monday as it not only tagged the 04th Jun's POC of 21960 but went on to test the buying tail of 05th from 21883 while making a low of 21860 where it took support and began to fill up the low volume zone till 22745 forming a Triple Distribution Trend Week Down with completely lower Value at 22035-22470-22741 but has closed around the POC and VWAP which is at 22453 indicating profit booking by the sellers and a further fill up of the singles zone in the coming week

(28Mar-03Apr) - The weekly profile is a DD again but to the downside forming completely lower value at 23281-23392-23599 with the VWAP shifting lower near the POC at 23402 and will be the immediate supply point to be taken out by the buyers if they intent to test the extension handle of 23560 & 28th Mar's VWAP of 23672 in the coming week whereas on the downside, the buying extension handle of 23250 will be the support below which NF can go for a test of the VPOC at 23105 & Trend VWAP of 23032

(21-27 Mar) - NF has formed a Double Distribution Trend Up profile with an initiative buying tail from 23405 to 23315 and an extension handle at 23574 followed by a 4-day balance forming completely higher value at 23694-23762-23922 and has shown signs of profit booking seen in the responsive tail from 23992 to 24035 and the FA at 23911 so this week's VWAP of 23778 will be the important reference for the next week which will decide who can seize control

The settlement day Roll Over point (Apr 2025) is 23800

The VWAP & POC of Mar 2025 Series is 22991 & 22491 respectively

The VWAP & POC of Feb 2025 Series is 22982 & 22900 respectively

The VWAP & POC of Jan 2025 Series is 23342 & 23163 respectively

Largest volume (POC) was traded at 55692 F and VWAP of the session was at 55646

Value zones (volume profile) are at 55482-55692-55806

HVNs are at 51190 / 51728** (** denotes series POC)

Weekly Charts can be viewed here

(07-11 Apr) - BNF opened the week with a humongous 1692 points gap down testing the important buy side extension handle of 49435 from 18th Mar while making a low of 49366 and saw demand coming back in this zone as it almost went on to close the gap hitting a high of 51385 on Friday leaving a Normal Variation profile on the weekly with completely lower Value at 49857-50482-50868

(01-04 Apr) - BNF opened with a test of previous week's prominent POC of 51850 as it hit 51920 but was swiftly rejected dropping by 870 points as it tested the buying singles from last week while making a low of 51050 and saw buyers defending as it made a slow probe higher over the next 3 sessions even making new highs for the week at 51993 on Friday but left a selling tail triggering a drop down to 51459 into the close. The weekly profile is a Normal One with a small tail at top signalling lack of demand with mostly lower Value at 51371-51689-51865

(24-28 Mar) - BNF has formed a nice Gaussian Curve along with a 'p' shape profile for the week with the buying tail from 51418 to 51009 and completely higher value at 51787-51850-52212 with signs of profit booking at the highs as seen in the FA at 52223 and has closed around the prominent POC of 51850 which will be the reference for the coming week

The settlement day Roll Over point (Apr 2025) is 51880

The VWAP & POC of Mar 2025 Series is 49563 & 48335 respectively

The VWAP & POC of Feb 2025 Series is 49361 & 49290 respectively

The VWAP & POC of Jan 2025 Series is 49283 & 48728 respectively