Daily Morning Report – 16/02/26

NIFTY OUTLOOK: 25471.10 | FII: Rs. -7395.41 cr. | DII: Rs. 5553.96 cr.
(16th – 20th February 2026)

As discussed in the previous report dated 9th February 2026, market behaviour remained on expected lines during the past week. Bulls attempted to surpass the resistance zone of 25865–25945 but failed, and the index slipped to a weekly low of 25444.

A bearish candle on both the weekly and daily charts of Nifty suggests continuation of selling pressure. The index may find support around 25305–25138. If Nifty fails to defend these supports, it may slip further towards 24971–24806.

On the upside, 25637–25805 may act as immediate resistance. A breakout and sustained move above these levels may push Nifty towards 25970–26137.

Bank Nifty OUTLOOK:

Spot: 60186.65 | PCR: 0.86 | Max CE OI: 60000 | Max PE OI: 60000

On 13th February 2026, Bank Nifty closed at 60186.65, down 553.10 points (-0.91%). The total movement during the session was 548.35 points, with a high of 60621.90 and a low of 60073.55.

Technical View:

Important support and resistance levels are 59040 and 61200, respectively.

Intraday support and resistance are placed at 60036 and 60337.

The RSI for Nifty Bank stands at 53.8. Below 30 is considered oversold, while above 70 is overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 2 out of 8 SMA’s. (5, 10 Day)  

No Candlestick Pattern was identified in bank nifty on daily chart.

Macros

1.Dollar index is @ 96.82

2.Vix is @ 20.60

3.Brent crude is @ 67.75

4.10 years bound yield is @ 4.056

Note:
India’s cabinet has approved projects worth about Rs. 1.6 trillion (approximately $18 billion) for infrastructure, urban development, and startups, according to Information Minister Ashwini Vaishnaw.

Indian IT shares logged their worst week in more than 10 months on Friday, extending the rout driven by fears of disruption from artificial intelligence tools, which wiped about $50 billion off the sector’s market capitalisation so far in February.

The launch of a tool by tech startup Anthropic last month triggered a global tech sell-off and intensified concerns that rapid adoption of generative AI could disrupt India’s $283 billion IT services industry.

Conclusion:
The launch of Anthropic’s tool has triggered fear across global IT firms, with a sharper impact on Indian players, as most operate primarily as service providers rather than product firms. It is advisable to stay away from the IT sector for now and avoid bottom fishing, as catching a falling knife can be risky.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549