Daily Morning Report – 20/02/26

NIFTY OUTLOOK: 25454.35   FII  -880.49 cr    DII  -596.28 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as buying pressure failed to surpass break out level of 25887 (made a high of 25885.3) and slip extreme to day low of 25388.75

Further a long bearish candle appeared on daily chart of nifty suggest sellers were overcome the buying pressure. Hence if more selling will persist may drift down the nifty upto 25303 to 25227 on decisively breakdown of 25377. If more supply will accentuate then it may have chances to test 25151.

However for upside 25530 to 25606 may act as immediate resistance for the nifty, if break through above these resistances and sustain may push the nifty upto 25683 to 25757.

Bank Nifty OUTLOOK:   

SPOT:   60739.55   Pcr: 0.87  Max Ce OI on 61000 & Max Pe OI on 60000

On February 19, 2026, a Bank Nifty index was closed at 60739.55 (-811.25) (-1.32%). The total movement in the index was 1085.9 during the trading session.  The index made a high of 61678.80 and a low of 60592.90.

Technical view                                        

 Important support and resistance level of Bank nifty are 60250 and 62000 respectively.  

Intraday Support and resistance of Bank nifty are 60441 and 61038 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 55.5. Below 30 is considered oversold and above 70 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 @ 97.92.

2.Vix is @ 20.23.

3.Brent crude is @ 71.86

4.10 years Bound yield is @ 4.068

Note: Stocks fell in Asia on Friday, the dollar headed for its largest weekly gain in four months and oil prices were rising as a U.S. military build up in the Middle East and a rout in private equity stocks sent ripples of nerves across markets.

 Dollar was headed for its largest weekly rise in four months thanks to a patchwork of slightly stronger U.S. data and minutes from the Federal Reserve that suggested no hurry to lower interest rates.

We need to be very cautious.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549