Daily Morning Report – 19/02/26

NIFTY OUTLOOK: 25819.35   FII  1154.34 cr    DII  440.34 cr

As discussed yesterday, market behaviour remained on expected lines. Nifty tested the support of 25653, marking a day low of 25645.15, and bounced from there towards our resistance of 25800, making a day high of 25828.05.

A bullish candle with a lower wick appeared on the daily chart of Nifty, suggesting continuation of buying pressure. If Nifty successfully takes out 25887, it may rally towards 25956–26025. If demand strengthens further, it may test 26093.

On the downside, 25750–25683 may act as immediate support. A sustained break below these levels may drag Nifty towards 25613–25546.

Bank Nifty OUTLOOK:
Spot: 61550.80 | PCR: 1.44 | Max CE OI: 60000 | Max PE OI: 60000

On 18th February 2026, Bank Nifty closed at 61550.80, up 376.80 points (0.62%). The total movement during the session was 495.95 points, with a high of 61596.85 and a low of 61100.90.

Technical View:

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

Intraday support and resistance are placed at 61414 and 61687.

The RSI for Nifty Bank stands at 64.9. 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.  

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

• Closing Marubozu Uptrend

Macros :

1.Dollar index is @ 97.60

2.Vix is @ 19.62 ( -3.30%)

3.Brent crude is @ 70.49 ( +0.38%)

4.10 years bound yield is @ 4.093

Note:
A major development on the geopolitical front is that Iran–US talks in Geneva have failed, raising the probability of conflict in the region. Some agencies have unofficially reported that Iran has closed the Strait of Hormuz, which handles nearly 30% of global oil trade.

Bullion and crude prices rose on safe-haven buying. Close monitoring of the Iran–US situation is advised, and traders should continue booking small profits.

Trading volumes were thin in Asia due to Lunar New Year holidays in Hong Kong, China, and Taiwan. However, MSCI’s Asia-Pacific index (ex-Japan) rose 0.5%, while Japan’s Nikkei gained 0.85%, led by technology shares.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549