Weekly Spot Charts (16th to 20th Feb 2026) and Market Profile Analysis

Nifty has formed a Normal Variation profile to the upside on the weekly timeframe as the probe below previous lows showed rejection with singles in all three sessions which broke below 25444 with 2 of them being initiative buying tails on Monday & Friday as the auction majorly filled up the singles zone from 25606 to 25780 forming completely lower Value at 25552-25726-25752 as the 2 attempts to get above the extension handle of 25780 were aborted as supply came back strongly resulting in an initiative selling tail from 25828 to 25885 which will be the Swing supply zone going forward whereas the TPO HVNS of 25726 & 25594 being the immediate levels on upside. The auction will remain weak below 25552 with the RO point of 25400 being a minor support below which it could fall to the prominent weekly VPOC of 25292

The auction then made higher highs in the next 3 sessions as it slowly got accepted in the 03rd Feb singles but the higher open on Thursday at 61678 resulted in another ORR start but this time to the downside paving way for a huge 1086 point range Trend Day Down. However the follow through on Friday confirmed yet another ORR to the upside and a move back to 61360 leaving a well balanced weekly profile which is also a 'p' shape short covering one with completely higher Value at 60808-61174-61378 with an extension handle at 60497 and a zone of initiative singles from 60154 to 59861 which will be the Swing support going forward if BankNifty wants to start making new ATHs into the closing week of February.