Market Profile Analysis dated 27th May 2025

Largest volume (POC) was traded at 24866 F and VWAP of the session was at 24876

Value zones (volume profile) are at 24764-24866-24916

NF confirmed a FA at 25117 on 19/05 and almost completed the 2 ATR objective of 24483 while making a low of 24515 on 22/05. This FA got revisited on 26/05 which was the 'T+5' day.

HVNs are at 24453 (** denotes series POC)

Weekly Charts can be viewed here

(16-22 May) - NF opened with a look up above previous highs but got rejected leaving swing high at 25149 after which it confirmed a daily FA at 25117 triggering a trending move lower towards the 2 ATR target of 24483 as it made a low of 24515 taking support in previous week's DD zone & right at the level where initiative buyers had come in at the gap up open of 12th May leaving a small responsive tail till 24555. The weekly profile has a zone of singles from 24675 to 24720 which will be the immediate supply zone on watch above which the reference would be this week's VWAP of 24853 for the next week with value being overlapping to higher at 24764-25078-24117

(09-16 May) - The weekly profile is an elongated 1161 point range DD (Double Distribution) Trend Up one with completely higher value at 24588-24689-25072 and the DD zone being from 24572 to 24215 with the VWAP at 24662 which will be the Swing reference on the higher timeframe for more upside in the coming week

(02-08 May) - NF has formed a nice Gaussian Curve on the weekly with overlapping to slightly higher Value at 24384-24463-24569 but has given a close away from this value suggesting that the auction has now turned into an imbalance mode which can be expected to continue in the coming week towards the lower VPOC of 23952 & VWAP of 23538 from the week 11th to 17th Apr

(25-30 Apr) - The weekly profile is a Normal Variation one to the upside which tested previous week's buying tail but took support just above a prior VPOC of 23952 while making a low of 23975 and went on to swipe through previous week's range making new highs of 24718 but left a selling tail. Value was also completely overlapping at 24195-24458-24488 with the VWAP being at 24324

(21-24 Apr) - NF has formed a composite 'p' shape profile on the weekly with completely higher Value at 24279-24315-24289 with a buying tail from 24090 to 23980 which will be the support zone as the new series develops

The settlement day Roll Over point (May 2025) is 24378

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

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

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

Largest volume (POC) was traded at 55453 F and VWAP of the session was at 55473

Value zones (volume profile) are at 55124-55453-55609

HVNs are at 55397** / 55194 / 54689 (** denotes series POC)

Weekly Charts can be viewed here

(19-23 May) - BNF opened with a move away from previous week's POC of 55397 and went on to look up above the highs of 55680 while tagging 55831 but got swiftly rejected from the tail of 02nd May indicating return of aggressive supply resulting in a trending move lower for the next 3 sessions as it not only completed the 80% Rule in the weekly value but went on to make a low of 54700 taking support just above a prior weekly POC of 54688 suggesting demand coming in. The auction then made a good bounce back to 55559 on Friday forming a well balanced weekly profile with outside Value at 55026-55493-55574 with a close right at the POC which will be the opening reference for the next week with this week's VWAP of 55257 being an important support

(12-16 May) - BNF has formed a relatively narrow range Normal profile on the weekly with overlapping to higher Value at 55042-55397-55524 and will need to sustain above VAH for a test of the selling tail from 55929 to 56194 in the coming week with this week's VWAP of 55193 being an important support for the rest of the series

The settlement day Roll Over point (May 2025) is 55348

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

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

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