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Nifty Spot: 24450 [ 24989 / 24305 ] Normal Variation (Down)
Previous week’s report ended with this ‘The weekly profile is a Trend Down one with overlapping to lower Value at 25384-25436-25666 with a closing imbalance from 25141 to 25268 which will be the zone to watch in the coming week for any comeback by the buyers whereas on the downside, the DD zone of 25108 with the extension handle of 24984 would be the immediate support below which Nifty could revisit the FA of 24679 and below it the buying tail from 24503'
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02 Mar (Monday) - 24865 [ 24989 / 24603 ] Normal
03 Mar (Tuesday) - Holiday
04 Mar (Wednesday) - 24480 [ 24602 / 24305 ] Normal Variation (Up)
05 Mar (Thursday) - 24765 [ 24854 / 24529 ] Neutral
06 Mar (Friday) - 24450 [ 24700 / 24415 ] Normal Variation (Down) Spike
Nifty has formed a Normal Variation weekly profile to the downside with completely lower value at 24508-24597-24876 with a close below the VAL indicating the downside imbalance to continue in the coming week below the daily VPOC of 24389 towards Halfback and Extension handle from 05th-09th May 2025 at 24231 and 24121 and the lower objectives being the HVN at 24000 & weekly swing low of 23935 with the final one being the tail from 23879 from 21-25th Apr 2025
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09 Mar (Monday) - 24028 [ 24078 / 23697 ] Normal (Spike)
10 Mar (Tuesday) - 24261 [ 24303 / 24079 ] Normal
11 Mar (Wednesday) - 23866 [ 24299 / 23834 ] Trend (Down)
12 Mar (Thursday) - 23639 [ 23833 / 23556 ] Normal Variation (Up) 3-1-3
Up |
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23652 - M TPO high (12 Mar) 23712 - POC (12 Mar) 23759 - VAH (12 Mar) 23834 - Weekly ATR 23879 - M TPO high (11 Mar) 23934 - K TPO h/b (11 Mar) |
Down |
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23636 - VAL (12 Mar) 23589 - Buy Tail (12 Mar) 23527 - E TPO h/b (17 Apr) 23452 - SOC (Apr) 23407 - D TPO h/b (17 Apr) 23341 - Buy Tail (17 Apr) |
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BankNifty Spot: 57783 [ 60177 / 57696 ] Normal Variation (Down) Spike
Previous week’s report ended with this 'BankNifty left a Normal Variation weekly structure to the downside with completely inside Value at 60920-61112-60297 but has moved away from this zone hence can continue the imbalance towards the buying tail from 60154 to 59861 below which we have the big DD zone from 59659 to 58687'
02 Mar (Monday) - 59839 [ 60177 / 59148 ] Normal
03 Mar (Tuesday) - Holiday
04 Mar (Wednesday) - 58755 [ 59058 / 58393 ] Normal
05 Mar (Thursday) - 59055 [ 59274 / 58506 ] Neutral
06 Mar (Friday - 57783 [ 58807 / 57696 ] Trend (Down)
BankNifty also made a lower open this week and sellers continued to hold control forming a Normal Variation profile to the downside not only negating the earlier DD zone of the buyers (59659 to 58687) but went on to test below the swing lows of 57783 while closing in a spike from 58053 to 57696 forming completely lower value at 58156-58545-59646 so looks weak below 58053 for a further drop to the weekly FA of 57593 (10th-14th Nov 2025) along with buying tail from 57249 (03rd-07th Nov 2025) and the lower targets being the extension handle of 56893 and VPOC at 56586 (13th to 17th Oct 2025) with the final one being that week's FA of 56230
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09 Mar (Monday) - 56019 ( 56274 / 55270) Normal
10 Mar (Tuesday) - 56950 ( 57097 / 56387 ) Normal Variation (Up)
11 Mar (Wednesday) - 55735 [ 56938 / 55631 ] Trend (Down)
12 Mar (Thursday) - 55100 [ 55636 / 54760 ] Normal Variation (Up) 3-1-3
Up |
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55151 - M TPO high (12 Mar) 55290 - VAH (12 Mar) 55430 - K TPO high (12 Mar) 55548 - Tail (12 Mar) 55712 - Tail (11 Mar) 55845 - Ext Handle (11 Mar) |
Down |
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55062 - M TPO low (12 Mar) 54914 - A TPO h/b (12 Mar) 54760 - PDL 54591 - POC (Sep) 54456 - 29 Sep Halfback 54341 - SOC (29 Sep) |
WhatsApp me (Uttam Goel) on +91 90362 79747 if you need more information
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