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Market Profile Analysis dated 24th Feb 2025

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

Nifty Feb F: 22612 [ 22720 / 22572 ]

Open Type

OAOR + D (Open Auction + Drive) - Down

Volumes of 10,719 contracts

Above Average

Initial Balance

22720 - 22600 (120 points)

Volumes of 27,823 contracts

Above Average

Day Type

22720 - 22572 (148 points) Normal ('b' shape)

Volumes of 1,06,292 contracts

Average

NF continued previous session's imbalance with a 148 point gap down open and fell further down to 22600 as no demand was seen but then made the dreaded C side extension to 22591 completing an important monthly ATR objective of 22594 & trapping some laggard shorts triggering a bounce back above VWAP as it tested the A period singles leaving a PBH at 22671 in the F TPO.

The auction resumed the downmove making a fresh RE (Range Extension) in the I period hitting new lows of 22572 but saw more profit booking by the sellers leaving similar low of 22575 in the J before closing around the prominent POC of 22618 leaving successive 'b' shape profiles on the daily with completely lower Value.

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Daily Zones

  • Largest volume (POC) was traded at 22618 F and VWAP of the session was at 22626

  • Value zones (volume profile) are at 22597-22618-22639

  • HVNs are at 22943** / 23554 / 23622 (** denotes series POC)

Weekly Zones

  • Weekly Charts can be viewed here

  • (31Jan-06Feb) – NF has formed a Neutral Extreme profile on the weekly timeframe with completely higher Value at 23466-23612-23770 with the VWAP at 23595 which will be the important support for the new week with the immediate reference being 04th Feb’s NeuX VWAP of 23654 and the Swing support for the series at the FA of 23496

Monthly Zones

  • The settlement day Roll Over point (Feb 2025) is 23428

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

  • The VWAP & POC of Dec 2024 Series is 24193 & 24621 respectively

  • The VWAP & POC of Nov 2024 Series is 23978 & 24185 respectively

Business Areas for 25th Feb 2025

Up

22639 - VAH (24 Feb)

22695 - Sell Tail mid (24 Feb)

22749 - Gap mid (24 Feb)

22787 - VAL (21 Feb)

22835 - VWAP (21 Feb)

22888 - Sell Tail (21 Feb)

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

Down

22597 - VAL (24 Feb)

22528 - 1 ATR (EH 22757)

22485 - Monthly 3 IB

22455 - Weekly ATR

22391 - Weekly 3 IB

22336 - VPOC (05 Jun)

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

You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.