Daily Morning Report – 26/02/26

NIFTY OUTLOOK: 25482.5 | FII: Rs. 2991.64 cr. | DII: Rs. 5118.57 cr.

As discussed yesterday, market behaviour remained on expected lines. Nifty bounced from its previous support and opened near our resistance of 25500 (opened at 25512.6), then rallied towards our level of 25650, marking a day high of 25652.6.

A bearish candle with an upper wick appeared on the daily chart of Nifty, indicating selling pressure at higher levels, with sellers overcoming buying interest. If selling pressure continues and there is a decisive breakdown below 25410, Nifty may slip towards 25337–25265. If supply intensifies further, it may test 25191.

On the upside, 25555–25628 may act as immediate resistance. A breakout and sustained move above these levels may push Nifty towards 25700–25773.

Bank Nifty OUTLOOK:
Spot: 61043.35 | PCR: 1.08 | Max CE OI: 61000 | Max PE OI: 61000

On 25th February 2026, Bank Nifty closed at 61043.35, down 3.95 points (-0.01%). The total movement during the session was 500.80 points, with a high of 61317.55 and a low of 60816.75.

Technical View:

Important support and resistance levels are 60660 and 61700, respectively.

Intraday support and resistance are placed at 60906 and 61181.

The RSI for Nifty Bank stands at 57.1. Below 30 is considered oversold, while above 70 is overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 7 out of 8 SMA’s (10, 20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 1 out of 8 SMA’s (5 Day).

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

• Inside Uptrend

Macros :

1. Dollar index is @ 97.51.

2.Vix is @ 17.93 ( +8.29 )

3.Brent crude is @ 70.97

4.10 yrs US bond yield is @ 4.05

Note:
Strong results from Nvidia calmed nerves across U.S. and global markets, with VIX cooling by 8.29%. Nvidia eased AI demand concerns by comfortably beating quarterly expectations and providing strong revenue guidance.

Meanwhile, Iran and the U.S. held another round of talks in Geneva aimed at resolving their long-standing nuclear dispute and avoiding potential U.S. strikes following recent military build-up.

The renewed negotiations seek to address the decades-long standoff over Tehran’s nuclear program, which Washington, Western nations, and Israel believe is aimed at developing nuclear weapons — a claim Iran denies.

Reports indicate Tehran is offering fresh concessions in exchange for sanctions relief and recognition of its uranium enrichment rights. However, experts caution that failure of talks could raise the risk of U.S. and Israel action against Iran, with Tehran warning of strong retaliation. A breakdown could escalate tensions significantly in the Gulf region.

Important Pivot Point Levels for Today

Nifty

Bank Nifty

By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549