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Weekly Spot Charts (17th to 21st 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: 22795 [ 23050 / 22720 ] Neutral (Gaussian)

Previous week’s report ended with this ‘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‘

Monday - 22959 [ 22974 / 22725 ] Normal Variation (Up)

Tuesday - 22945 [ 22992 / 22801 ] Normal Variation (Down)

Wednesday - 22933 [ 23050 / 22814 ] Normal

Thursday - 22913 [ 23923 / 22812 ] Normal

Friday - 22795 [ 22921 / 22720 ] Normal ('b' shape)

The weekly profile is a Neutral one in a narrow range of just 330 points as Nifty formed a nice Gaussian Curve below previous week's POC of 23069 with Value at 22810-22894-22951 with a close below Value hinting at resumption of the downside imbalance in the coming week towards 05th Jun's references of 22516 & 22335 as long as it stays below 22810.

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

Hypos for 24th Feb - 22795 [ 22921 / 22720 ] Normal ('b' shape)

Up

22810 - Weekly VAL (17-21 Feb)

22853 - Sell Tail (21 Feb)

22894 - Weekly POC (17-21 Feb)

22944 - VPOC (19 Feb)

22978 - G TPO h/b (19 Feb)

23023 - PBH (19 Feb)

23069 - Weekly VPOC (10-14 Feb)

Down

22781 - POC (21 Feb)

22733 - SOC (21 Feb)

22692 - VAL (06 Jun)

22645 - Poor Low FA (06 Jun)

22597 - M TPO h/b (05 Jun)

22554 - M TPO low (05 Jun)

22516 - K TPO h/b (05 Jun)
Hypos for 25th Feb - 22553 [ 22668 / 22518 ] Normal Variation (Down)

Up

22573 - POC (24 Feb)

22620 - Sell Tail (24 Feb)

22668 - Weekly IBH

22720 - Ext Handle

22781 - VPOC (21 Feb)

22810 - Weekly VAL (17-21 Feb)

22853 - Sell Tail (21 Feb)

Down

22553 - M TPO h/b (24 Feb)

22516 - K TPO h/b (05 Jun)

22475 - 1 ATR (EH 22720)

22443 - Weekly 1.5 IB

22386 - 2 ATR (MFA 24857)

22335 - VPOC (05 Jun)

22267 - SOC (05 Jun)
Hypos for 27th Feb - 22547 [ 22625 / 22513 ] Normal (Inside Bar)

Up

22559 - M TPO high (25 Feb)

22611 - Sell Tail (25 Feb)

22668 - Weekly IBH

22720 - Ext Handle

22781 - VPOC (21 Feb)

22818 - Weekly 2 IB

22853 - Sell Tail (21 Feb)

Down

22536 - M TPO h/b (25 Feb)

22490 - 1 ATR (EH 22720)

22445 - SOC (05 Jun)

22386 - 2 ATR (MFA 24857)

22335 - VPOC (05 Jun)

22267 - SOC (05 Jun)

22218 - Weekly 3 IB
Hypos for 28th Feb - 22545 [ 22613 / 22508 ] Normal (b' shape)

Up

22560 - 27 Feb Halfback

22625 - Sell Tail (3-day comp 24-27 Feb)

22668 - Weekly IBH

22720 - Ext Handle

22781 - VPOC (21 Feb)

22818 - Weekly 2 IB

Down

22539 - 3-day VAL (24-27 Feb)

22490 - 1 ATR (EH 22720)

22445 - SOC (05 Jun)

22386 - 2 ATR (MFA 24857)

22335 - VPOC (05 Jun)

22267 - SOC (05 Jun)

BankNifty Spot: 48981 [ 49628 / 48525 ] Normal Variation (Up)

Monday - 49259 [ 49319 / 48525 ] Normal Variation (Up)

Tuesday - 49087 [ 49328 / 48815 ] - Normal ('b' shape)

Wednesday - 49570 [49628 / 48804 ] - Normal ('p' shape)

Thursday - 49334 [ 49455 / 49151 ] - Normal (3-1-3)

Friday - 48981 [ 49306 / 48764 ] - Normal ('b' shape)

BankNifty opened lower but made a daily Swing Low at 48525 on Monday triggering a probe higher which got stalled with a C-side extension to 49628 on Wednesday after which the auction retraced back to 48764 on Friday leaving a Normal Variation Weekly profile with mostly lower Value at 4874-48935-49282 and a close around the prominent POC of 48935 staying below which more downside can be expected in the coming week.

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

Hypos for 24th Feb - 48981 [ 49306 / 48764 ] - Normal ('b' shape)

Up

49000 - VAH (21 Feb)

49150 - SOC (21 Feb)

49313 - M TPO h/b (20 Feb)

49475 - VPOC (19 Feb)

49607 - PBH (19 Feb)

49720 - Feb RO Point

49836 - FA (13 Feb)

Down

48944 - POC (21 Feb)

48793 - Buy tail (21 Feb)

48679 - B TPO h/b (17 Feb)

48541 - Buy Tail (17 Feb)

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

48273 - Weekly Ext Handle

48160 - VPOC (27 Jan)
Hypos for 24th Feb - 48652 [ 48748 / 48282 ] Normal

Up

48690 - L TPO h/b (24 Feb)

48801 - Gap mid (24 Feb)

48944 - VPOC (21 Feb)

49035 - 21 Feb halfback

49150 - SOC (21 Feb)

49252 - POC (20 Feb)

49365 - L TPO h/b (20 Feb)

49475 - VPOC (19 Feb)

Down

48620 - M TPO low (24 Feb)

48495 - SOC (24 Feb)

48371 - PBL (24 Feb)

48273 - Weekly Ext Handle

48160 - VPOC (27 Jan)

48041 - VAL (27 Jan)

47924 - Buy Tail (27 Jan)

47819 - Weekly 2 IB
Hypos for 27th Feb - 48608 [ 48862 / 48534 ] - Normal Variation (Down)

Up

48643 - 2-day POC (24-25 Feb)

48736 - SOC (25 Feb)

48840 - Sell Tail (25 Feb)

48944 - VPOC (21 Feb)

49035 - 21 Feb halfback

49150 - SOC (21 Feb)

49252 - POC (20 Feb)

Down

48595 - VAL (25 Feb)

48495 - SOC (24 Feb)

48371 - PBL (24 Feb)

48273 - Weekly Ext Handle

48160 - VPOC (27 Jan)

48041 - VAL (27 Jan)

47924 - Buy Tail (27 Jan)
Hypos for 28th Feb - 48743 [ 48972 / 48627 ] - Normal (spike)

Up

48732 - Spike High (27 Feb)

48880 - POC (27 Feb)

49035 - 21 Feb halfback

49150 - SOC (21 Feb)

49252 - POC (20 Feb)

49365 - L TPO h/b (20 Feb)

Down

49714 - 2-day VAH (24-25 Feb)

48595 - VAL (25 Feb)

48495 - SOC (24 Feb)

48371 - PBL (24 Feb)

48273 - Weekly Ext Handle

48160 - VPOC (27 Jan)