Weekly Spot Charts (04th to 08th Aug 2025) and Market Profile Analysis

Nifty held previous week's low of 24535 at open on Monday and probe back into the Value area zone from 24617 promptly tagging the POC of 24680 with the help of multiple REs (Range Extension) but made similar highs of 24736 & 24734 signalling exhaustion to the upside and sellers took advantage of this with an initiative tail on Tuesday which triggered a pattern of lower highs and lower lows for the rest of the week not only breaking below 24535 and completing the 1 ATR objective of 24415 from last week's FA of 24956 but also tested the extension handle of 24373 from 08th May almost touching the VAL from that day while making a low of 24337.

06 Aug (Wednesday) - 55411 [ 55559 / 55227 ] Neutral Centre

BankNifty opened the week with a narrow range Normal Day but left an important A period selling tail highlighting that the bigger timeframe bias remained to the downside as it went on to leave another initiative selling tail on Tuesday breaking below the important support of 55354 while making a low of 55202 after which the buyers tried to put up a fight holding the downside on Wednesday and forming a narrow range Neutral Centre with a prominent POC at 55426. The sellers however came back strongly on Thursday making a move away from 55426 and breaking below the swing low of 55149 with a C side extension after which it took a pause but the attempt to continue lower saw a swift rejection at 54973 as some profit booking caused a quick short covering move higher to 55614 leaving a Neutral Extreme Day Up and the look up above this at open on Friday saw the return of aggressive supply who then not only left a long A period tail but went on to form an Outside Bar recording new lows for the week at 54905.