Daily Morning Report – 25/02/26

NIFTY OUTLOOK: 25424.65 | FII: Rs. -102.53 cr. | DII: Rs. 3161.22 cr.

As discussed yesterday, market behaviour remained on expected lines. Bears took the lead, and Nifty opened at our breakdown level of 25641. From there, it slipped to 25327.6 and finally closed near our support of 25425.

A bearish candle appeared on the daily chart of Nifty, suggesting continued selling pressure. If selling intensifies and there is a decisive breakdown below 25350, Nifty may slip towards 25273–25200. If supply strengthens further, it may test 25125.

However, Nifty is near a key support zone from where it has previously bounced. If support holds, a pullback towards 25500–25577 is possible. A breakout and sustained move above these levels may push the index towards 25650–25725.

Bank Nifty OUTLOOK:
Spot: 61047.30 | PCR: 1.19 | Max CE OI: 61000 | Max PE OI: 61000

On 24th February 2026, Bank Nifty closed at 61047.30, down 216.95 points (-0.35%). The total movement during the session was 633.80 points, with a high of 61435.65 and a low of 60801.85.

Technical View:

Important support and resistance levels are 60650 and 61700, respectively.

Intraday support and resistance are placed at 60873 and 61222.

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).

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

Macros :

1. Dollar index is @ 97.84

2.Vix is @ 19.55

3.Brent crude is @ 71.03

4.U.S. 10 years bond yield is @ 4.038.

Note:
U.S. President Donald Trump is set to deliver the State of the Union address at a sensitive time, with approval ratings under pressure, rising concerns over Iran tensions, and cost-of-living issues ahead of the November midterm elections.

India–US trade deal talks have temporarily halted after the U.S. Supreme Court ruled certain tariffs illegal. India’s trade minister stated that discussions will resume once there is greater clarity.

India is also open to a calibrated approach towards allowing Chinese investments as both nations attempt to rebuild ties strained since the 2020 border clash.

The textile sector in India could be one of the biggest beneficiaries of a potential trade deal with the U.S., with companies such as Gokaldas Exports and Welspun Living likely to gain significantly.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

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