Weekly Spot Charts (02nd to 06th Feb 2026) and Market Profile Analysis

Nifty made an OAIR start for the week staying in the lower part of the Budget Day's profile on Monday and made an attempt to extend lower but got swiftly rejected from the responsive buying tail as it confirmed a FA (Failed Auction) at 24679 which was also the 2025 yearly VWAP indicating that the buyers are holding firm there as it went on to complete the 1 ATR objective of 24994 and closed in a spike to 25108 from where it made a huge and unprecedented gap up open of 1220 points on Tuesday but could not sustain above the 2025 VAH of 26300 triggering a probe back lower to 25491 on Friday where it left yet another FA signalling support in the zone of the gap singles giving a bounce back to 25704 into the close looking set for the 1 ATR target of 25835 in the next session.

BankNifty also similar to Nifty made an OAIR start on Monday but confirmed a FA at 57829 and promptly completed the 1 ATR objective of 58639 while making a high of 58687 on the same day and continued this imbalance with an enormous 2792 point gap up on Tuesday where it went on to record new ATH of 61764 but got quickly rejected leaving a long initiative selling tail after which it got back into balance mode forming a GaussianCurve over 3 days and made an attempt to move away to the downside on Friday but left a small but important buying tail around the Feb RO (RollOver) of 59650 triggering a bounce back to 60149 into the close ending the week in the way it began which is with a Neutral Extreme Day Up.

12 Feb (Thursday) - 60739 [ 60864 / 60597 ] Neutral