Market Profile Analysis dated 28th Jan 2025

Nifty Jan F: 22977 [ 23158 / 22871 ]

Below averageAverageAbove average

NF made an OAIR start and consolidated in previous Value in the IB mostly staying above yVWAP of 22895 indicating that the buyers were holding the zone and further confirmation came in form of a RE (Range Extension) in the D period which triggered a OTF (One Time Frame) probe higher till the L TPO where it made a high of 23158 testing the AVWAP from 21st Jan.

The auction could not hold above 23155 resulting in a big long liquidation drop down to 22934 in the L period itself before giving a close around the POC of 22991 leaving a Trend Day structure which got negated so the buyers will need to get back and hold today’s VWAP of 23002 to retain control in the coming session.

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Daily Zones

• Largest volume (POC) was traded at 22991 F and VWAP of the session was at 23002
• Value zones (volume profile) are at 22888-22991-23049
• HVNs are at 23264** / 23645 / 23798 / 24113 / 24285 (** denotes series POC)

Weekly Zones

• Weekly Charts can be viewed here
• (17-23 Jan) – NF has formed a Neutral Centre weekly profile with overlapping to lower Value at 23110-23266-23332 and has a good chance of moving away from the prominent 2-week overlapping POC provided it gets some initaitive volumes in the final weekly settlement of Jan

Monthly Zones

• The settlement day Roll Over point (Jan 2025) is 23915
• The VWAP & POC of Dec 2024 Series is 24193 & 24621 respectively
• The VWAP & POC of Nov 2024 Series is 23978 & 24185 respectively
• The VWAP & POC of Oct 2024 Series is 24776 & 24400 respectively

Business Areas for 29th Jan 2025

These levels are best actionable once we get confrimation from the OrderFlow chartsThese levels are best actionable once we get confrimation from the OrderFlow charts

BankNifty Jan F: 48829 [ 49214 / 48417 ]

Above averageAverageAbove average

BNF was clearly the more bullish of the 2 indicies as it opened higher and continue to Drive Up making higher highs on all the TPOs till K period (with I TPO clocking similar highs) as it tagged 49214 stalling right at the supply reference from 21st Jan (F TPO POC) and this triggered a quick liquidation break testing the VWAP of 48870 and the dPOC of 48758 while making a low of 48723 before closing the day at 48823.

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Daily Zones

• Largest volume (POC) was traded at 48758 F and VWAP of the session was at 48870
• Value zones (volume profile) are at 48720-48758-49134
• HVNs are at 51491 / 49529 / 48716**(** denotes series POC)

Weekly Zones

• Weekly Charts can be viewed here
• (17-23 Jan) – BNF has formed a Neutral Centre weekly profile with overlapping to lower Value at 48482-48698-49130 and has a good chance of moving away from here provided it gets some initaitive volumes in the final weekly settlement of Jan

Monthly Zones

• The settlement day Roll Over point (Jan 2025) is 51750
• The VWAP & POC of Dec 2024 Series is 52436 & 53355 respectively
• The VWAP & POC of Nov 2024 Series is 51417 & 52129 respectively
• The VWAP & POC of Oct 2024 Series is 51559 & 51239 respectively

Business Areas for 29th Jan 2025

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