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Weekly Spot Charts (10th to 14th Feb 2025) and Market Profile Analysis

Study of Auction behaviour of Nifty and BankNifty of previous week and daily hypos for the current one

Nifty Spot: 22929 [ 23568 / 22774 ] Trend (Down)

Previous week’s report ended with this ‘The weekly profile is a Double Distribution (DD) Trend one to the upside with a small lower distribution making way through the DD singles from 23369 to 23436 to a bigger 4-day comsposite forming overlapping to higher Value at 23444-23573-23744 with the 2 FAs of 23423 & 23694 being the Swing references for the coming week with the DD zone being a minor support‘

Monday - 23381 [ 23568 / 23316 ] Normal ('b' shape)

Tuesday - 23071 [ 23390 / 23423 ] Double Distribution (Down)

Wednesday - 23045 [ 23144 / 22798 ] Neutral

Thursday - 23031 [ 23235 / 22992 ] Normal

Friday - 22929 [ 23133 / 22774 ] Double Distribution (Down)

Nifty opened the week with an Drive Down from just below previous week's prominent POC of 23573 and left an initiative selling tail till 23461 signalling the move away from previous value as it made a low of 23316 on Monday and expediated the downside probe with a 403 point range Double Distribution Trend Day where it made a low of 22986 leaving a zone of singles from 23118 to 23233.

The auction then continued the imbalance with another Open Drive Down on Wednesday as it made new lows of 22814 in the Initial Balance (IB) but made the dreaded C side extension to 22798 stalling just above 27th Jan's Swing Low of 22786 and got rejected back into the IB indicating that the inventory had gotten too short triggering a bounce first back to 23144 for the day and then on to test the extension handle of 23233 on Thursday as it made a high of 23235 and saw sellers coming back strongly to give a close around the lows of 22992 and followed it with a sell side extension handle at 23007 on Friday where it made new lows of 23774 for the week as well as month but saw the dPOC shift lower to 22837 resulting in some profit booking by the sellers causing a bounce back to 22966.

The weekly profile is a Trend Down one with completely lower Value at 22832-23068-23207 with a prominent TPO HVN at 23060 which will be the immediate swing reference on the upside above the extension handle of 23007 with the higher HVN of 23352 & this week's selling tail from 23461 to 23568 now being a major supply zone whereas on the downside, this week's HVN of 22888 will be the immediate support below which Nifty can go for that long pending VPOC tag of 22745 and a break of which can bring about a test of the lower VPOC at 22335 in the coming week.

Click here to view this week’s MarketProfile of Nifty on Vtrender Charts

Hypos for 17th Feb - 22929 [ 23133 / 22774 ] Trend (Down)

Up

22954 - 14 Feb Halfback

23007 - Ext Handle (14 Feb)

23068 - Weekly VPOC (10-14 Feb)

23113 - Sell Tail mid (14 Feb)

23163 - Jan POC

23222 - Monthly IBL

Down

22888 - Weekly HVN (10-14 Feb)

22837 - POC (14 Feb)

22797 - J TPO h/b (14 Feb)

22745 - VPOC (06 Jun)

22692 - VAL (06 Jun)

22645 - Poor Low FA (06 Jun)

Hypos for 18th Feb - 22959 [ 22974 / 22725 ] Normal Variation (Up)

Up

22959 - Weekly IBH

23007 - Ext Handle (14 Feb)

23068 - Weekly VPOC (10-14 Feb)

23113 - Sell Tail mid (14 Feb)

23163 - Jan POC

23222 - Monthly IBL

Down

22933 - L TPO h/b (17 Feb)

22876 - J TPO low (17 Feb)

22834 - PBL (17 Feb)

22796 - PBL (17 Feb)

22740 - Buy Tail (17 Feb)

22692 - VAL (06 Jun)

Hypos for 19th Feb 2025 - 22945 [ 22992 / 22801 ] Normal Variation (Down)

Up

22952 - M TPO high (18 Feb)

23007 - Ext Handle (14 Feb)

23068 - Weekly VPOC (10-14 Feb)

23113 - Sell Tail mid (14 Feb)

23163 - Jan POC

23222 - Monthly IBL

Down

22935 - M TPO h/b (18 Feb)

22897 - 18 Feb Halfback

22841 - 3-day POC (14-18 Feb)

22796 - PBL (17 Feb)

22740 - Buy Tail (17 Feb)

22692 - VAL (06 Jun)

Hypos for 20th Feb 2025 - 22933 [ 23050 / 22814 ] Normal

Up

22933 - 19 Feb Halfback

22978 - G TPO h/b (19 Feb)

23023 - PBH (19 Feb)

23077 - Weekly 1.5 IB

23133 - Sell Tail high (14 Feb)

23186 - VPOC (13 Feb)

23235 - Swing High (13 Feb)

Down

22926 - M TPO h/b (19 Feb)

22864 - A TPO h/b (19 Feb)

22819 - 3-day VAL (14-18 Feb)

22774 - Buy tail (Feb)

22725 - Swing Low (17 Feb)

22680 - 1 ATR (yPOC 22944)

22645 - Poor Low FA (06 Jun)

Hypos for 21st Feb 2025 - 22913 [ 23923 / 22812 ] Normal

Up

22933 - 19 Feb Halfback

22978 - G TPO h/b (19 Feb)

23023 - PBH (19 Feb)

23077 - Weekly 1.5 IB

23133 - Sell Tail high (14 Feb)

23186 - VPOC (13 Feb)

23235 - Swing High (13 Feb)

Down

22905 - POC (20 Feb)

22868 - 20 Feb Halfback

22813 - Buy Tail (20 Feb)

22774 - Buy tail (Feb)

22725 - Swing Low (17 Feb)

22680 - 1 ATR (yPOC 22944)

22645 - Poor Low FA (06 Jun)

BankNifty Spot: 49099 [ 50155 / 48719 ] Trend (Down)

Previous week’s report ended with this ‘The weekly profile is a Double Distribution Trend One Up with an early extension handle at 48273 with a very bulky upper balance where this week's Value is positioned at 48842-49091-49679 and will be the zone to watch in the coming week with the weekly VPOC of 50193 being the immediate objective on the upside along with the higher one of 50851 being the other one whereas on the downside, this week's opening day's VPOC of 48160 will be an important target if BankNifty stays below 49517 & takes out 49091 with initiative selling‘

Monday - 49981 [ 50155 / 49703 ] Normal

Tuesday - 49403 [ 49906 / 49177 ] - Double Distribution (Down)

Wednesday - 49479 [ 49702 / 48734 ] - Neutral

Thursday - 49359 [ 49836 / 49276 ] - Neutral Extreme (Down)

Friday - 49099 [ 49593 / 48719 ] - Double Distribution (Down)

to be updated...

to be updated...

to be updated...

Click here to view this week’s MarketProfile of BankNifty on Vtrender Charts

Hypos for 17th Feb - 49099 [ 49593 / 48719 ] - Double Distribution (Down)

Up

49156 - 14 Feb Halfback

49243 - PBH (14 Feb)

49352 - Weekly VPOC (10-14 Feb)

49482 - Sell Tail (14 Feb)

49600 - H TPO h/b (13 Feb)

49748 - F TPO h/b (13 Feb)

Down

49050 - M TPO low (14 Feb)

48906 - Monthly IBL

48765 - J TPO h/b (14 Feb)

48680 - B TPO h/b (28 Jan)

48553 - A TPO h/b (28 Jan)

48441 - 4-day VAL (21-24 Jan)

Hypos for 18th Feb - 49259 [ 49319 / 48525 ] Normal Variation (Up)

Up

49283 - M TPO h/b (17 Feb)

49352 - Weekly VPOC (10-14 Feb)

49482 - Sell Tail (14 Feb)

49600 - H TPO h/b (13 Feb)

49748 - F TPO h/b (13 Feb)

49929 - 10 Feb Halfback

Down

49225 - Weekly IBH

49051 - K TPO low (17 Feb)

48922 - 17 Feb Halfback

48790 - G TPO h/b (17 Feb)

48679 - B TPO h/b (17 Feb)

48541 - Buy Tail (17 Feb)

Hypos for 19th Feb 2025 - 49087 [ 49328 / 48815 ] - Normal ('b' shape)

Up

49076 - M TPO h/b (18 Feb)

49191 - Sell Tail (18 Feb)

49352 - Weekly VPOC (10-14 Feb)

49482 - Sell Tail (14 Feb)

49600 - H TPO h/b (13 Feb)

49748 - F TPO h/b (13 Feb)

Down

49059 - 3-day POC (14-18 Feb)

48908 - PBL (18 Feb)

48790 - G TPO h/b (17 Feb)

48679 - B TPO h/b (17 Feb)

48541 - Buy Tail (17 Feb)

48441 - 4-day VAL (21-24 Jan)

Hypos for 20th Feb 2025 - 49570 [49628 / 48804 ] - Normal ('p' shape) Outside Day

Up

49607 - PBH (19 Feb)

49720 - Feb RO Point

49836 - FA (13 Feb)

49929 - 10 Feb Halfback

50049 - Sell Tail ( 10 Feb)

50197 - M TPO h/b (07 Feb)

50383 - Weekly VPOC (03-07 Feb)

Down

49545 - M TPO h/b (19 Feb)

49408 - VAL (19 Feb)

49279 - Buy Tail (19 Feb)

49158 - PBH (18 Feb)

49059 - 3-day POC (14-18 Feb)

48908 - PBL (18 Feb)

48790 - G TPO h/b (17 Feb)

Hypos for 21st Feb 2025 - 49334 [ 49455 / 49151 ] - Normal (3-1-3) Inside Day

Up

49337 - VAH (20 Feb)

49475 - VPOC (19 Feb)

49607 - PBH (19 Feb)

49720 - Feb RO Point

49836 - FA (13 Feb)

49929 - 10 Feb Halfback

50049 - Sell Tail ( 10 Feb)

Down

49313 - M TPO h/b (20 Feb)

49202 - Buy Tail (20 Feb)

49059 - 3-day POC (14-18 Feb)

48908 - PBL (18 Feb)

48790 - G TPO h/b (17 Feb)

48679 - B TPO h/b (17 Feb)

48541 - Buy Tail (17 Feb)