Daily Morning Report – 18/02/26

NIFTY OUTLOOK: 25725.40 | FII: Rs. 995.21 cr. | DII: Rs. 187.04 cr.

As discussed yesterday, market behaviour remained on expected lines. Nifty opened with selling pressure and hit a day low of 25570.3. From there, supportive buying pushed the index upward towards our breakout level of 25758, marking a day high of 25764.40.

A small bullish candle appeared on the daily chart of Nifty, suggesting continuation of the positive up move. The index may face resistance around 25800–25870. A breakout and sustained move above these levels may push Nifty further towards 25941–26013.

However, if Nifty continues to respect its opening bearish gap of 13th February 2026, it may slip towards supports of 25653–25581. A sustained break below these levels may drag Nifty down to 25510–25437.

Bank Nifty OUTLOOK:
Spot: 61174.00 | PCR: 1.29 | Max CE OI: 60000 | Max PE OI: 60000

On 17th February 2026, Bank Nifty closed at 61174.00, up 224.90 points (0.37%). The total movement during the session was 681.6 points, with a high of 61241.60 and a low of 60560.

Technical View:

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

Intraday support and resistance are placed at 60987 and 61361.

The RSI for Nifty Bank stands at 62.1. 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.  

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

Important Pivot Point Levels for Today                                                                                                        

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549