Monthly charts (Jan 2026) and Market Profile Analysis

Nifty started the year 2026 and the month of January with new ATH (All Time High) of 26373 but left a FA (Failed Auction) there transitioning into an imbalance mode from December's balance as it went on to form a Triple Distribution Trend Down profile with extension handles at 26067 & 25473 and saw the POC shift to the lowermost distribution at 25228 indicating profit booking by the sellers and will be the support for next month whereas the January VWAP of 25540 will be the first major hurdle on upside above the February RollOver point of 25400.

BankNifty began the month with a probe higher scaling above the daily FA and ATH of 60114 as it went on to hit new ATH of 60437 on 05th Jan but left an initiative selling tail in this unchartered territory marking the end of the upside after which it made 2 impulses lower first to 58864 leaving a swing low on 12th completing the 80% Rule in December's Gaussian profile from where it gave a bounce back only to get rejected at the daily VPOC of 60210 which meant the probe above 2025 VAH was being met by supply triggering the next down move breaking below the important November VWAP of 58602 while recording a low of 58121 on 27th where finally demand came back strongly to leave another special case singles resulting in a probe back to 60060 into the closing sessions of the month leaving an Outside Bar and a 3-1-3 profile with overlapping to higher Value at 59157-59682-60147 and a close right in the middle with the February RO also at 59650.