Love Vtrender Charts? Check out our new offer!

Vtrender

Monthly charts (Jul 2025) and Market Profile Analysis

MarketProfile Analysis of the Monthly timeframe for Nifty and BankNifty Spot

Nifty Spot: 24768 [ 25608 / 24635 ] - Double Distribution (Down)

Previous month's report ended with this 'The monthly profile was once again a Neutral Extreme (NeuX) one to the upside with overlapping to higher Value at 24675-25109-25261 with a Failed Auction (FA) at lows of 24473 and a buying extension handle at 25317 from where it went on to make new highs for the year 2025 at 25669 into the close. This month's NeuX VWAP of 25008 would now be a Swing reference going forward whereas on the upside, Nifty will need to sustain above the RollOver point of 25610 for a probe towards the 1 ATR objective of 25879'

Nifty did not give any follow up to the NeuX close and previous month's high of 25669 in fact left an important selling tail at the RollOver point of 25610 on 02nd indicating upside being capped and return to balance mode as it formed overlapping range and value for the first 7 days before giving a move away to the downside leaving 2 important daily VPOCs at 25525 & 25388 on the 09th & 10th of July respectively.

This start of a new imbalance continued as the auction negated previous month's buy side extension handle of 25317 with a selling one at 25331 expediting the fall towards the Jun's POC of 25109 and then the NeuX VWAP of 25008 where it took support on 14th Jul but the pullback could only leave a PBH at 25255 on 16th followed by new lows for the month at 24882 on 21st where it left an A period buying tail but once again the bounce could only manage to tag 25246 on 24th where it left another PBH on the daily timeframe confirming that the sellers were in control as they formed a Trend Day Down and went on to continue the drop over the next 3 sessions hitting new lows for the month at 24598 on 29th.

The monthly profile is a Double Distribution (DD) Trend one to the downside with overlapping to higher Value at 25095-25452-25608 which has the DD singles zone from 25255 to 25331 which will be the upper supply zone along with the series VWAP of 25142 going forward with the immediate one being the RO Point of 24860 along with 31st Jul halfback of 24796 as we enter the new month of August

Monthly Zones

  • The settlement day Roll Over point (August 2025) is 24860

  • The VWAP & POC of Jul 2025 Series is 25142 & 25452 respectively

  • The VWAP & POC of Jun 2025 Series is 25008 & 25109 respectively

  • The VWAP & POC of May 2025 Series is 24673 & 24757 respectively

  • 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

BankNifty Spot: 55961 [ 57628 / 55547 ] Normal Variation (Down)

Previous month's report ended with this 'The monthly profile is a Neutral Extreme one to the upside which moved away from previous month's balance leaving a buying tail at the monthly POC from 55381 to 55149 and true to the characteristics of a NeuX made new highs of 57614 on the last day of the month leaving completely higher value at 55632-56608-56798 with the series VWAP of 56200 now being a positional support level for the new month'

BankNifty got back into balance mode as the new ATH of 57628 on 02nd was met with rejection and a long liquidation profile after which it remained 57300 and Jun's POC of 56608 till the 17th forming a nice Gaussian Curve with the VAH stalling right at the RO point of 57260 after which the auction made an attempt to move away on the downside on 18th making a low of 56205 as it took support right at previous month's NeuX VWAP of 56200.

The auction then got some buyers coming back in the week starting 21st resulting in a move back into the developing Value for the month as it did multiple rounds of the 80% Rule in both directions but left 2 important initiative selling tails near the VAH of 57260 leaving PBHs at 57286 & 57316 displaying intent by sellers and this forced a fresh imbalance lower into the close of the month where it made lows of 55547 but left a FA on the daily helping it to bounce back to 55961.

The monthly profile is a Normal Variation one to the downside with a nice Gaussian Curve as the value area zone at 56560-57013-57354 but has moved away from here with a drop of just over 1000 points leaving a daily FA at 55547 which will be the support for the new month apart from the buying tail from 55843 whereas on the upside, the first hurdle will be the RO Point of 56170 above which we have the NeuX highs (31 Jul) of 56406 as the higher supply point.

Monthly Zones

  • The settlement day Roll Over point (August 2025) is 56170

  • The VWAP & POC of Jul 2025 Series is 56751 & 57013 respectively

  • The VWAP & POC of Jun 2025 Series is 56200 & 56608 respectively

  • The VWAP & POC of May 2025 Series is 55019 & 55320 respectively

  • The VWAP & POC of Apr 2025 Series is 52485 & 55353 respectively

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

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