Market Profile Analysis dated 23rd Dec 2025

Largest volume (POC) was traded at 26205 F and VWAP of the session was at 26214

Value zones (volume profile) are at 26201-26205-26227

NF confirmed a weekly FA (Failed Auction) at 25801 on 19/12 and hit the 1 ATR target of 26257 on 23/12

HVNs are at 26240 / 26335** (** denotes series POC)

Weekly Charts can be viewed here

(17-23 Dec) - NF has fomed a NeuX (Neutral Extreme) weekly profile to the upside with a FA at 25801 completing the 1 ATR objecrtive of 26257 into the close. This week's Value has been overlapping to higher at 25978-26204-26259 with the all important VWAP at 26026 which will be an important Swing Support going forwrd along with the zone of singles from 26040-26163

(10-16 Dec) - NF formed a Neutral profile this week filling up the lower part of previous week's profile with a nice balanced Value area zone at 25923-26013-26114 and has left a small tail at the lows of 25804 which will be the support going forward whereas on the upside, the HVN at 26118 will be a good hurdle.

(03-09 Dec) - NF has formed a Neutral Extreme weekly profile to the downside with mostly lower Value at 26046-26092-26317 after stalling just below previous week's POC of 26382 resulting in a test of the lower weekly VPOC of 25880 where it left a small tail which will need to be taken out for more downside in the coming week towards immediate targets of 25812 & 25731 whereas on the upside the NeuX VWAP of this week at 26125 will act as a Swing reference.

(26Nov-02Dec) - NF took out previous week's VWAP of 26248 and went on to hit new ATH of 26495 but left a Failed Auction (FA) there marking the end of the upside and ended up forming a Normal Variation ('p' shape) profile for the week with overlapping to higher Value at 26288-26382-26477 with a close below value hence the buying tail from 26181 to 26085 will be the immediate support zone for the next week

(19-25 Nov) - NF has formed a Neutral Extreme profile to the downside on the weekly with mostly overlapping Value at 26108-26170-26331 with the important NeuX VWAP at 26248 which will be the Swing reference as we get into a new series

The settlement day Roll Over point (Dec 2025) is 26060

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

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

The VWAP & POC of Sep 2025 Series is 24897 & 24660 respectively

Largest volume (POC) was traded at 59418 F and VWAP of the session was at 59422

Value zones (volume profile) are at 59382-59418-59452

BNF confirmed a FA (Failed Auction) at 60353 on 01 Dec and completed the 2 ATR target of 59569 on 03rd. This FA ihas not been revisted and is now a Swing reference.

HVNs are at 59387** / 59658 / 59800 (** denotes series POC)

Weekly Charts can be viewed here

(15-19 Dec) - BNF could not sustain the look up above previous week's Value on Monday and went on to form a composite 'b' shape profile for the week with mostly lower Value at 59088-59230-59415 and will need to show initiative volumes at either end of the value for a imbalance in that direction in the coming week

(08-12 Dec) - BNF has formed a well balanced weekly profile with a selling tail at top from 59960 to 60080 along with an extension handle at 59836 forming overlapping to lower Value at 59294-59526-59697 so need to show initiative activity for a move away from this Value.

(01-05 Dec) - BNF opened the week with new ATH of 60353 but confirmed a daily FA triggering a probe lower as it not only completed the 2 ATR target of 59569 but continued lower to 59314 from where it bounced back to test the NeuX VWAP of 60069 leaving a Normal Variation weekly profile to the downside though Value was overlapping to higher at 59587-59655-60081 with a close near the VAH so can look to revisit the FA which is at T+5 days

The settlement day Roll Over point (Dec 2025) is 59150

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

The VWAP & POC of Oct 2025 Series is 57124 & 58160 respectively

The VWAP & POC of Sep 2025 Series is 54641 & 54591 respectively