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Nifty Spot: 22331 [ 24989 / 22283 ] - Trend (Down)
Previous month's report ended with this 'The monthly profile is a Normal one in terms of Range but there was nothing Normal about it as the range of 1769 points indicates but has a well balanced Value area zone right in the middle from 25397 to 25868 with the POC at 25727 and the VWAP at 25593 from where it has given a move away to the downside so can expect a test of the SOC of 25108 and the FA of 24679 on the downside below which the lower objectives would be the buying tail of 24522 from Sep 2025 and Aug 2025 swing low of 24337 and the final zone of support could be the May 2025 singles from 24150 to 23935'
March was a month of gap opens more so on the downside as Nifty turned from balance to imbalance and last month's Normal profile giving an elongated 2706 point range Trend Month Down starting from the first day where it opened more than 500 points lower and the attempt to probe higher stalled with poor highs well below the SOC of 25108 making it clear that the PLR (Path of Least Resistance) was to the downside with an initiative selling tail from 24854 to 24989.
The auction then repaired the poor lows from Aug 2025 leaving an extension handle there as it not only negated the buying tail from May 2025 but went on to take out the Apr 2025 VWAP of 23417 which was an important support and almost tagged the buying tail of that month from 22270 as it closed in a spike from 22471 to 22283. Value for the month was completely lower at 22503-23239-24036 with the important series VWAP at 23433 which will now be the Swing reference as we get into a new financial year.
The settlement day Roll Over point (April 2026) is 22433
The VWAP & POC of Mar 2026 Series is 23433 & 23239 respectively
The VWAP & POC of Feb 2026 Series is 25593 & 25727 respectively
The VWAP & POC of Jan 2026 Series is 25540 & 25228 respectively
The VWAP & POC of Dec 2025 Series is 25988 & 25937 respectively
The VWAP & POC of Nov 2025 Series is 25915 & 25969 respectively
The VWAP & POC of Oct 2025 Series is 25501 & 25875 respectively
Click here to view the Nifty Monthly profile on Vtrender Charts
BankNifty Spot: 50275 [ 60177 / 50105 ] - Trend (Down)
Previous month's report ended with this 'BankNifty has formed a 'p' shape kind of a profile for February with the range completely overlapping on both sides with mostly higher Value at 60123-60730-61387 with the series VWAP also centred around 60672 which will be the immediate levels to watch on the upside as we enter March with the RO point of 61410 being a Swing reference now whereas on the downside, the Swing Low of 59644 with the zone of singles till 58687 will be the support below which it could go for a test of the Nov singles from 57521 and the Oct VWAP of 57124'
BankNifty confirmed an ORR (Open Rejection Reverse) start to the month as the big gap down of 1325 points on the first saw saw the bounce getting rejected right at the entry into previous month's Value making it clear that the Double Outside Bar range is giving a breakdown and left a prominent selling tail from 59274 to 60177 followed by couple of extension handles at 58393 and 57696 as it went on to break the important Oct VWAP of 57124 with a huge gap down on 09th Mar making a low of 55270.
The auction then gave a bounce back to 57097 where it confirmed a PBH on the daily timeframe displaying change of polarity at 57124 triggering the next impulse on the downside as it dropped to 53258 over the next 5 sessions and left another similar low at 53240 in the same week signalling that the yearly extension handle of 53164 is being defended but then sellers remained aggressive and broke that support with another big gap down of 851 points on 23rd resulting in a sharp decline to 51323 where there was considerable profit booking causing a retracement to 54146 leaving yet another daily PBH there to make way for the final decline of the month which closed in a spike from 51323 to 50105.
The monthly profile is an elongated 10072 points range Trend Down one with completely lower Value at 52006-53698-57096 with the Trend VWAP at 54314 which has tested and closed below the important Apr 2025 HVN of 51060 along with the 2024 VWAP of 50395 which will be the immediate levels to watch on the upside as we get into the new month from tomorrow whereas on the downside the nearest support is the buying tail from Apr 2025 at 49910 below which it can go for the test of Mar 2025 VWAP & VPOC of 48792 & 48335 respectively
Click here to view the BankNifty Monthly profile on Vtrender Charts
The settlement day Roll Over point (April 2026) is 50740
The VWAP & POC of Mar 2026 Series is 54314 & 53698 respectively
The VWAP & POC of Feb 2026 Series is 60672 & 60730 respectively
The VWAP & POC of Jan 2026 Series is 59597 & 59682 respectively
The VWAP & POC of Dec 2025 Series is 59257 & 59283 respectively
The VWAP & POC of Nov 2025 Series is 58602 & 58937 respectively
The VWAP & POC of Oct 2025 Series is 57124 & 58160 respectively
