Daily Morning Report – 17/02/26

NIFTY OUTLOOK: 25682.75 | FII: Rs. -972.13 cr. | DII: Rs. 1666.98 cr.

As discussed yesterday, market behaviour remained on expected lines. Nifty respected the opening bullish gap of 3rd February 2026 and rallied up to our level of 25695, marking a day high of 25697.

A bullish candle appeared on the daily chart of Nifty, suggesting buying interest emerged from support. If Nifty continues to receive supportive buying, it may rally towards 25833–25910 on a decisive breakout above 25758. If demand strengthens further, it may test 25985.

However, if Nifty respects the opening bearish gap of 13th February 2026, selling pressure may emerge, with supports placed around 25607–25531. A sustained break below these levels may drag Nifty towards 25456–25380.

Bank Nifty OUTLOOK:
Spot: 60949.10 | PCR: 1.14 | Max CE OI: 60000 | Max PE OI: 60000

On 16th February 2026, Bank Nifty closed at 60949.10, up 762.45 points (1.27%). The total movement during the session was 1150.20 points, with a high of 61011.30 and a low of 59861.10.

Technical View:

Important support and resistance levels are 60250 and 62000, respectively.

Intraday support and resistance are placed at 60633 and 61265.

The RSI for Nifty Bank stands at 60.4. Below 30 is considered oversold, while above 70 is overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 0 out of 8 SMA’s.  

Two Candlestick Pattern was identified in bank nifty on daily chart.

• Engulfing Uptrend
• Long Line Uptrend

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549