NIFTY India Mfg

Time and price correction in markets made valuations more comforting and in range with our long-term levels, Expect nominal GDP momentum to also pick up into the year, See earnings growth already improving into the double digit zone

* Time and price correction in markets made valuations more comforting and in range with our long-term levels
* Expect nominal GDP momentum to also pick up into the year
* See earnings growth already improving into the double digit zone

shorts/business/daily-voice-pillars-falling-into-place-earnings-poised-for-double-digit-growth-says-jitendra-sriram

* Time and price correction in markets made valuations more comforting and in range with our long-term levels
* Expect nominal GDP momentum to also pick up into the year
* See earnings growth already improving into the double digit zone

Jitendra Sriram, Senior Fund Manager at Baroda BNP Paribas Mutual Fund, said corporate earnings are beginning to move toward a double-digit growth trajectory.

In an interview with Moneycontrol, he noted that key macro and market fundamentals are aligning, creating the conditions for Indian equities to gain momentum in the latter part of the year.

On the growth front, he noted that weaker inflation in FY26 has made nominal GDP slightly softer. However, with base effects wearing off and global hard commodity prices firming up, he expects nominal GDP momentum to pick up as the year progresses.

Do you expect India to outperform other emerging markets later this year, now that the worst-case scenarios appear to be behind us?

It is no doubt, true that a lot of concerns gripping our markets have abated in the current quarter. Trade deals with the US &amp; the EU should help reduce any competitive disadvantages for our exporters. The time and price correction in markets visible since September 2024 has made valuations more comforting and in range with our long-term levels.

The main stumbling point in FY26 was the trajectory of corporate earnings growth which was muted to begin with. However, a combination of tax cuts (Union Budget of February 2025), good monsoons (May-September 2025), GST cuts (w.e.f September 2025) and successive rate cuts from the RBI (most recently in December 2025) has improved GDP growth and if we look at the evolving earnings growth, it is showing signs of pick up into the double-digit zone. One could argue that the fundamental pillars are falling into place for Indian market to start performing later into the year.

Do you believe the earnings recovery will be strong from here on?

Adjusted for one-off effects (new labour code etc), we see the earnings growth already improving into the double digit zone. Lag effects of softer monetary policy, the stimulus of GST rationalisation and the better prospects of manufactured exports post ratification of trade deals is expected to improve this earnings growth momentum further into the mid teens later into the year.

Will earnings growth be led by banks and NBFCs?

Multiple sectors are expected to benefit because of various stimuli. Consumer discretionary on GST rationalisation, metals on global price improvements, utilities from rising energy demand (data centre investments etc), certain exporters (textiles, marine products etc) because of trade deals etc. Banks &amp; NBFC’s as lenders to all these will be indirect beneficiaries.

Do you see strong investment opportunities ahead in the pharma and hospital segments?

Pharma was never directly impacted because of tariffs. However, the industry is evolving itself into CDMO, CRO and also making entries into higher margin areas such as peptide fragments which could expand the market for these players.

Hospitals have a different structure that is evolving. Internally for most of the listed universe we are seeing free cash starting to rise after years of investment. We are also seeing a lot of single hospitals folding into chains consolidating the industry both trends being positive for the industry.

Do you believe the GDP outlook has improved now that concerns around higher tariffs are behind us? Does this mean that 7 percent growth from next year onward cannot be ruled out?

In FY26 itself, the RBI has raised its GDP forecast by a cumulative 80bps from its forecast at the start of the year. This makes the 7% mark an achievable and sustainable target. Weaker inflation into FY26 had made the nominal GDP a little softer but with base effects wearing off, global hard commodity prices firming we expect nominal GDP momentum to also pick up into the year.

Is the US deal constructive for the rupee?

Markets are a function of not only the underlying earnings but also of sentiment. A high tariff (25% baseline and Russia specific 25%) could have made Indian exports uncompetitive, long run, fuelling negative sentiment. To that extent, the agreements on trade deals with 2 large trading blocs – the US and the EU will definitely alleviate concerns and lift sentiments that India would no longer be relatively disadvantaged versus its peers across major export items hence the momentum on exports can be back on rails.

The fact that each side is actively engaging for a resolution to these prickly issues is again sentimentally positive for currency markets and the Rupee.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Daily Voice: 'Pillars falling into place' - Earnings poised for double-digit growth, says Jitendra Sriram

Lag effects of softer monetary policy, the stimulus of GST rationalisation and the better prospects of manufactured exports post ratification of trade deals is expected to improve this earnings growth momentum further into the mid teens later into the year.

Jitendra Sriram, Senior Fund Manager at Baroda BNP Paribas Mutual Fund, said corporate earnings are beginning to move toward a double-digit growth trajectory.

In an interview with Moneycontrol, he noted that key macro and market fundamentals are aligning, creating the conditions for Indian equities to gain momentum in the latter part of the year.

On the growth front, he noted that weaker inflation in FY26 has made nominal GDP slightly softer. However, with base effects wearing off and global hard commodity prices firming up, he expects nominal GDP momentum to pick up as the year progresses.

Do you expect India to outperform other emerging markets later this year, now that the worst-case scenarios appear to be behind us?

It is no doubt, true that a lot of concerns gripping our markets have abated in the current quarter. Trade deals with the US &amp;amp; the EU should help reduce any competitive disadvantages for our exporters. The time and price correction in markets visible since September 2024 has made valuations more comforting and in range with our long-term levels.

The main stumbling point in FY26 was the trajectory of corporate earnings growth which was muted to begin with. However, a combination of tax cuts (Union Budget of February 2025), good monsoons (May-September 2025), GST cuts (w.e.f September 2025) and successive rate cuts from the RBI (most recently in December 2025) has improved GDP growth and if we look at the evolving earnings growth, it is showing signs of pick up into the double-digit zone. One could argue that the fundamental pillars are falling into place for Indian market to start performing later into the year.

Do you believe the earnings recovery will be strong from here on?

Adjusted for one-off effects (new labour code etc), we see the earnings growth already improving into the double digit zone. Lag effects of softer monetary policy, the stimulus of GST rationalisation and the better prospects of manufactured exports post ratification of trade deals is expected to improve this earnings growth momentum further into the mid teens later into the year.

Will earnings growth be led by banks and NBFCs?

Multiple sectors are expected to benefit because of various stimuli. Consumer discretionary on GST rationalisation, metals on global price improvements, utilities from rising energy demand (data centre investments etc), certain exporters (textiles, marine products etc) because of trade deals etc. Banks &amp;amp; NBFC’s as lenders to all these will be indirect beneficiaries.

Do you see strong investment opportunities ahead in the pharma and hospital segments?

Pharma was never directly impacted because of tariffs. However, the industry is evolving itself into CDMO, CRO and also making entries into higher margin areas such as peptide fragments which could expand the market for these players.

Hospitals have a different structure that is evolving. Internally for most of the listed universe we are seeing free cash starting to rise after years of investment. We are also seeing a lot of single hospitals folding into chains consolidating the industry both trends being positive for the industry.

Do you believe the GDP outlook has improved now that concerns around higher tariffs are behind us? Does this mean that 7 percent growth from next year onward cannot be ruled out?

In FY26 itself, the RBI has raised its GDP forecast by a cumulative 80bps from its forecast at the start of the year. This makes the 7% mark an achievable and sustainable target. Weaker inflation into FY26 had made the nominal GDP a little softer but with base effects wearing off, global hard commodity prices firming we expect nominal GDP momentum to also pick up into the year.

Is the US deal constructive for the rupee?

Markets are a function of not only the underlying earnings but also of sentiment. A high tariff (25% baseline and Russia specific 25%) could have made Indian exports uncompetitive, long run, fuelling negative sentiment. To that extent, the agreements on trade deals with 2 large trading blocs – the US and the EU will definitely alleviate concerns and lift sentiments that India would no longer be relatively disadvantaged versus its peers across major export items hence the momentum on exports can be back on rails.

The fact that each side is actively engaging for a resolution to these prickly issues is again sentimentally positive for currency markets and the Rupee.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Nifty 50 needs to surpass 25,750–25,800 zone for a move toward 25,900–26,000, Immediate key support is placed at 25,600, ank Nifty likely to march toward its record high of 61,765 as long as it defends the 60,900–60,500 support zone

* Nifty 50 needs to surpass 25,750–25,800 zone for a move toward 25,900–26,000
* Immediate key support is placed at 25,600
* ank Nifty likely to march toward its record high of 61,765 as long as it defends the 60,900–60,500 support zone

shorts/business/trading-plan-is-a-third-straight-winning-session-on-the-cards-for-nifty-50-bank-nifty

* Nifty 50 needs to surpass 25,750–25,800 zone for a move toward 25,900–26,000
* Immediate key support is placed at 25,600
* ank Nifty likely to march toward its record high of 61,765 as long as it defends the 60,900–60,500 support zone

The Nifty 50 and Bank Nifty sustained above all key moving averages with a higher high–higher low formation, while the RSI trended upward with a bullish crossover. The Nifty 50 needs to surpass and sustain above the 25,750–25,800 zone for a move toward the 25,900–26,000 levels; however, the immediate key support is placed at 25,600. Meanwhile, the Bank Nifty is likely to march toward its record high of 61,765 as long as it defends the 60,900–60,500 support zone; however, the crucial support is placed at 59,900, according to experts.

On February 17, the Nifty 50 climbed 43 points to 25,725, while the Bank Nifty jumped 225 points to 61,174. Market breadth turned positive, as about 1,820 shares advanced against 1,092 declining shares on the NSE.

Nifty Outlook and Strategy

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

At the beginning of the week, Nifty found strong support near the 50% retracement of the prior rally, triggering a sharp rebound from lower levels. In the previous session, the index successfully filled the gap formed on February 13 and ended the day near the gap resistance zone.

On the daily chart, Nifty has been closing above the 100-day EMA for the past two days, with a higher high and higher low formation, suggesting renewed buying from lower levels. A break above 25,770 can take prices higher toward the prior swing high of 26,009. However, a breach below the EMA support of 25,550 may indicate that the recent up move was merely a temporary pullback.

The trend for Nifty is expected to remain positive. As long as the index holds above the previous day’s low, an upside move toward 25,930 followed by 26,009 is expected.

Key Resistance: 26,009

Key Support: 25,550

Strategy: Long positions can be created if Nifty breaks above 25,770, with a stop-loss at 25,610 and targets of 25,930 followed by 26,009.

Aditya Thukral, Founder &amp; Analyst of AT Research &amp; Risk Managers

After experiencing a correction from the psychological resistance of 26,000 and dropping to the previous resistance zone of 25,450, the Nifty 50 bounced from those levels and started closing above the major EMAs, i.e., the 20-day, 50-day, and 100-day EMAs, which is a positive sign. However, it continued to stay above the 200-day EMA, reflecting a long-term bullish bias.

The immediate trend remains sideways, as no clear sequence of highs and lows has been seen, and the index has been consolidating around the 20-day and 100-day EMAs. Despite the sideways market, the improvement in market breadth is an encouraging sign for bulls.

From the positioning in the derivatives segment, immediate support and resistance are seen at 25,600 and 25,800, respectively. Although the broader range remains between 25,500 and 26,000, the bias will continue to be positive, as some short covering has been witnessed.

Key Resistance: 25,800, 26,000

Key Support: 25,600, 25,430

Strategy: Buy Nifty Futures on dips around 25,620, with a stop-loss at 25,520, targeting 25,820.

Preeti K Chabra, Founder of Trade Delta

On the daily timeframe, Nifty has formed a bullish candle and recovered over the last two trading sessions from the intraday low of 25,372 recorded on Monday.

The index is trading above the 20-day SMA (middle Bollinger Band) at 25,497 and the 40-day EMA at 25,672. Notably, the 40-day EMA closely coincides with the 38.2% Fibonacci retracement level at 25,691, calculated from the rally between the September 30 low of 24,587 and the January 5 high of 26,373. This confluence strengthens the immediate support zone around 25,650–25,700.

On the upside, immediate resistance is placed at 25,818, followed by 25,950.

The daily RSI at 51.8 is trading slightly above its signal line, indicating improving bullish momentum.

From a derivatives perspective, weekly options data appears relatively neutral, suggesting no clear directional bias in the near term. Overall, the broader market structure is showing signs of recovery, and a buy-on-dips strategy appears favourable for the index as long as it sustains above the key support zone.

Key Resistance: 25,818, 25,950

Key Support: 25,672, 25,570

Strategy: Consider buying Nifty Futures near 25,672 for targets of 25,818 followed by 25,950, with a stop-loss at 25,570.

Bank Nifty - Outlook and Positioning

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

At the start of this week, Bank Nifty took support near a major price action support area, which coincides with the middle Bollinger Band, and reversed from it by staging a rally of more than 2% in just two trading sessions. During this rise, PSU banks emerged as the primary participants compared to private banks.

On the daily chart, the Bollinger Bands have started to expand, with prices consistently holding above the middle band since February 3, highlighting the importance of this support level. The crucial support, as per this setup, is placed near 59,900. As long as the price manages to sustain above this level, the daily bias is likely to remain on the buy side.

On the hourly chart, almost every candle has protected the prior candle’s low over the past two trading sessions, which highlights the strength of the rally.

Key Resistance: 61,764

Key Support: 59,900

Strategy: Long positions can be created if the banking index moves toward 61,050 and forms a reversal on the 15-minute chart, with a stop-loss at 60,850 and targets of 61,250 followed by 61,500.

Aditya Thukral, Founder &amp; Analyst of AT Research &amp; Risk Managers

The banking index recorded its lifetime closing high on Tuesday. Every dip has been bought in the past, as the index has shown continued resilience. Prices have been consistently closing above all the major EMAs—namely the 20-day, 50-day, 100-day, and 200-day EMAs—with all the EMAs sloping higher. Clear formations of higher highs and higher lows are strong signals of an established uptrend.

Now that the index has closed above the previous resistance of 60,900, which is now acting as support, a continuation of the uptrend is likely to be seen in the index prices.

Positive price action is expected to remain in force, as positioning in the derivatives segment shows aggressive long buildup along with short covering by traders.

Key Resistance: 61,400, 61,770

Key Support: 60,850, 60,400

Strategy: Buy Bank Nifty Futures on dips around 60,900, with a stop-loss at 60,600, targeting 61,500.

Preeti K Chabra, Founder of Trade Delta

Bank Nifty has recovered sharply from the intraday low of 59,861 touched on Monday and has posted positive closes in the last two trading sessions.

The index bounced from the 20-day SMA (middle Bollinger Band) at 59,783 and the 40-day EMA at 59,695. These averages are now acting as a strong support zone around the 59,700–59,800 region.

Additionally, the index is trading above the 23.6% Fibonacci retracement level at 60,677, measured from the November 7 low of 57,157 to the February 3 high of 61,764. This level now acts as immediate support, reinforcing the bullish undertone.

The daily RSI at 62.1 is trading above its signal line, supporting positive momentum and strengthening the near-term bullish bias.

From a derivatives perspective, monthly options data indicates unwinding in in-the-money call options, suggesting improving bullish sentiment and reduced overhead pressure.

Key Resistance: 61,241, 61,764

Key Support: 60,677, 60,444

Strategy: Buy Bank Nifty Futures near the cash reference level of 60,677 for upside targets of 61,241 followed by 61,764, while maintaining a stop-loss at 60,444.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Trading Plan: Is a third straight winning session on the cards for Nifty 50, Bank Nifty?

The Nifty 50 and Bank Nifty sustained above all key moving averages with a higher high–higher low formation, while the RSI trended upward with a bullish crossover. The Nifty 50 needs to surpass and sustain above the 25,750–25,800 zone for a move toward the 25,900–26,000 levels; however, the immediate key support is placed at 25,600. Meanwhile, the Bank Nifty is likely to march toward its record high of 61,765 as long as it defends the 60,900–60,500 support zone; however, the crucial support is placed at 59,900, according to experts.

On February 17, the Nifty 50 climbed 43 points to 25,725, while the Bank Nifty jumped 225 points to 61,174. Market breadth turned positive, as about 1,820 shares advanced against 1,092 declining shares on the NSE.

Nifty Outlook and Strategy

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

At the beginning of the week, Nifty found strong support near the 50% retracement of the prior rally, triggering a sharp rebound from lower levels. In the previous session, the index successfully filled the gap formed on February 13 and ended the day near the gap resistance zone.

On the daily chart, Nifty has been closing above the 100-day EMA for the past two days, with a higher high and higher low formation, suggesting renewed buying from lower levels. A break above 25,770 can take prices higher toward the prior swing high of 26,009. However, a breach below the EMA support of 25,550 may indicate that the recent up move was merely a temporary pullback.

The trend for Nifty is expected to remain positive. As long as the index holds above the previous day’s low, an upside move toward 25,930 followed by 26,009 is expected.

Key Resistance: 26,009

Key Support: 25,550

Strategy: Long positions can be created if Nifty breaks above 25,770, with a stop-loss at 25,610 and targets of 25,930 followed by 26,009.

Aditya Thukral, Founder &amp;amp; Analyst of AT Research &amp;amp; Risk Managers

After experiencing a correction from the psychological resistance of 26,000 and dropping to the previous resistance zone of 25,450, the Nifty 50 bounced from those levels and started closing above the major EMAs, i.e., the 20-day, 50-day, and 100-day EMAs, which is a positive sign. However, it continued to stay above the 200-day EMA, reflecting a long-term bullish bias.

The immediate trend remains sideways, as no clear sequence of highs and lows has been seen, and the index has been consolidating around the 20-day and 100-day EMAs. Despite the sideways market, the improvement in market breadth is an encouraging sign for bulls.

From the positioning in the derivatives segment, immediate support and resistance are seen at 25,600 and 25,800, respectively. Although the broader range remains between 25,500 and 26,000, the bias will continue to be positive, as some short covering has been witnessed.

Key Resistance: 25,800, 26,000

Key Support: 25,600, 25,430

Strategy: Buy Nifty Futures on dips around 25,620, with a stop-loss at 25,520, targeting 25,820.

Preeti K Chabra, Founder of Trade Delta

On the daily timeframe, Nifty has formed a bullish candle and recovered over the last two trading sessions from the intraday low of 25,372 recorded on Monday.

The index is trading above the 20-day SMA (middle Bollinger Band) at 25,497 and the 40-day EMA at 25,672. Notably, the 40-day EMA closely coincides with the 38.2% Fibonacci retracement level at 25,691, calculated from the rally between the September 30 low of 24,587 and the January 5 high of 26,373. This confluence strengthens the immediate support zone around 25,650–25,700.

On the upside, immediate resistance is placed at 25,818, followed by 25,950.

The daily RSI at 51.8 is trading slightly above its signal line, indicating improving bullish momentum.

From a derivatives perspective, weekly options data appears relatively neutral, suggesting no clear directional bias in the near term. Overall, the broader market structure is showing signs of recovery, and a buy-on-dips strategy appears favourable for the index as long as it sustains above the key support zone.

Key Resistance: 25,818, 25,950

Key Support: 25,672, 25,570

Strategy: Consider buying Nifty Futures near 25,672 for targets of 25,818 followed by 25,950, with a stop-loss at 25,570.

Bank Nifty - Outlook and Positioning

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

At the start of this week, Bank Nifty took support near a major price action support area, which coincides with the middle Bollinger Band, and reversed from it by staging a rally of more than 2% in just two trading sessions. During this rise, PSU banks emerged as the primary participants compared to private banks.

On the daily chart, the Bollinger Bands have started to expand, with prices consistently holding above the middle band since February 3, highlighting the importance of this support level. The crucial support, as per this setup, is placed near 59,900. As long as the price manages to sustain above this level, the daily bias is likely to remain on the buy side.

On the hourly chart, almost every candle has protected the prior candle’s low over the past two trading sessions, which highlights the strength of the rally.

Key Resistance: 61,764

Key Support: 59,900

Strategy: Long positions can be created if the banking index moves toward 61,050 and forms a reversal on the 15-minute chart, with a stop-loss at 60,850 and targets of 61,250 followed by 61,500.

Aditya Thukral, Founder &amp;amp; Analyst of AT Research &amp;amp; Risk Managers

The banking index recorded its lifetime closing high on Tuesday. Every dip has been bought in the past, as the index has shown continued resilience. Prices have been consistently closing above all the major EMAs—namely the 20-day, 50-day, 100-day, and 200-day EMAs—with all the EMAs sloping higher. Clear formations of higher highs and higher lows are strong signals of an established uptrend.

Now that the index has closed above the previous resistance of 60,900, which is now acting as support, a continuation of the uptrend is likely to be seen in the index prices.

Positive price action is expected to remain in force, as positioning in the derivatives segment shows aggressive long buildup along with short covering by traders.

Key Resistance: 61,400, 61,770

Key Support: 60,850, 60,400

Strategy: Buy Bank Nifty Futures on dips around 60,900, with a stop-loss at 60,600, targeting 61,500.

Preeti K Chabra, Founder of Trade Delta

Bank Nifty has recovered sharply from the intraday low of 59,861 touched on Monday and has posted positive closes in the last two trading sessions.

The index bounced from the 20-day SMA (middle Bollinger Band) at 59,783 and the 40-day EMA at 59,695. These averages are now acting as a strong support zone around the 59,700–59,800 region.

Additionally, the index is trading above the 23.6% Fibonacci retracement level at 60,677, measured from the November 7 low of 57,157 to the February 3 high of 61,764. This level now acts as immediate support, reinforcing the bullish undertone.

The daily RSI at 62.1 is trading above its signal line, supporting positive momentum and strengthening the near-term bullish bias.

From a derivatives perspective, monthly options data indicates unwinding in in-the-money call options, suggesting improving bullish sentiment and reduced overhead pressure.

Key Resistance: 61,241, 61,764

Key Support: 60,677, 60,444

Strategy: Buy Bank Nifty Futures near the cash reference level of 60,677 for upside targets of 61,241 followed by 61,764, while maintaining a stop-loss at 60,444.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Nifty needs to close and sustain above 25,750 for a rally toward 25,900–26,000, 25,600 expected to act as immediate support, followed by 25,500 as a crucial support, India VIX falls 4.93% to 12.67 after 3-day winning streak, signalling some comfort for bulls

* Nifty needs to close and sustain above 25,750 for a rally toward 25,900–26,000
* 25,600 expected to act as immediate support, followed by 25,500 as a crucial support
* India VIX falls 4.93% to 12.67 after 3-day winning streak, signalling some comfort for bulls

shorts/business/trade-setup-for-february-18-top-15-things-to-know-before-the-opening-bell-2

* Nifty needs to close and sustain above 25,750 for a rally toward 25,900–26,000
* 25,600 expected to act as immediate support, followed by 25,500 as a crucial support
* India VIX falls 4.93% to 12.67 after 3-day winning streak, signalling some comfort for bulls

The Nifty 50 extended its upward journey for the second consecutive session, closing 0.17 percent higher on February 17 and sustaining above all key moving averages. The index moved closer to the falling resistance trendline and attempted to close the bearish gap of February 13 by hitting an intraday high of 25,764. Meanwhile, the RSI sustained above the 50 zone and the VIX fell sharply. Hence, if the index manages to close and sustain above 25,750, a rally toward the 25,900–26,000 levels cannot be ruled out in the upcoming sessions. However, 25,600 is expected to act as immediate support, followed by 25,500 as a crucial support level, according to experts.

<img class="alignnone size-full wp-image-13832781 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217163806_Image117022026.jpg" alt="Image117022026" width="1281" height="684" />

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html" target="_blank">Nifty 50</a> (25,725)

Resistance based on pivot points: 25,761, 25,807, and 25,881

Support based on pivot points: 25,613, 25,567, and 25,493

Special Formation: The Nifty 50 formed a bullish candle with upper and lower shadows on the daily timeframe, indicating a positive mood amid volatility. The index sustained above all key moving averages and closed above the previous day’s high. The RSI climbed to 51.81 with a positive crossover, while the MACD continued to sustain above the signal line and the zero line, though the histogram signalled further fading momentum. All these indicators suggest a cautiously positive undertone, despite some moderation in momentum.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (61,174)

Resistance based on pivot points: 61,252, 61,413, and 61,673

Support based on pivot points: 60,731, 60,571, and 60,310

Resistance based on Fibonacci retracement: 62,077, 64,731

Support based on Fibonacci retracement: 60,677, 60,000

Special Formation: The Bank Nifty also formed a bullish candle with a lower shadow on the daily charts, indicating a positive bias with buying interest at lower levels. The banking index closed above the previous day’s high and held well above all key moving averages (10, 20, 50, and 100 EMAs). In fact, all these moving averages are trending upward. The index is marching closer to the upper Bollinger Band, while the RSI jumped to 62.12, signalling strengthening momentum. The MACD sustained above the signal line with the histogram rising further, while the Stochastic RSI is on the verge of a breakout. All these indicators point toward strengthening bullish momentum in the banking space.

<img class="alignnone size-full wp-image-13832782 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217163829_Image217022026.jpg" alt="Image217022026" width="1281" height="684" />

3) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Call Options Data</a>

According to the monthly options data, the 26,000 strike holds the maximum Call open interest (with 89.34 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 26,200 strike (47.6 lakh contracts) and 25,700 strike (44.01 lakh contracts).

Maximum Call writing was observed at the 26,200 strike, which saw an addition of 23.7 lakh contracts, followed by the 26,000 and 25,700 strikes, which added 16.23 lakh and 14.49 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,300 strike which shed 60,515 contracts, followed by the 25,550 and 25,450 strikes, which shed 30,550 and 11,310 contracts, respectively.

<img class="alignnone size-full wp-image-13832783 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217163853_Image617022026.jpg" alt="Image617022026" width="1253" height="343" />

4) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Put Options Data</a>

On the Put side, the maximum Put open interest was seen at the 25,000 strike (with 73.83 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 25,500 strike (71.09 lakh contracts) and the 25,700 strike (46.66 lakh contracts).

The maximum Put writing was placed at the 25,700 strike, which saw an addition of 19.73 lakh contracts, followed by the 25,600 and 25,750 strikes, which added 12.3 lakh and 10.27 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,300 strike, which shed 33,020 contracts, followed by the 26,400 and 26,150 strikes, which shed 10,140 and 6,695 contracts, respectively.

<img class="alignnone size-full wp-image-13832784 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217163914_Image717022026.jpg" alt="Image717022026" width="1252" height="343" />

5) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Call Options Data</a>

According to the monthly options data, the 60,000 strike holds the maximum Call open interest, with 14.1 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 61,000 strike (8.7 lakh contracts) and the 62,000 strike (7.84 lakh contracts).

Maximum Call writing was observed at the 61,100 strike (with the addition of 2.41 lakh contracts), followed by the 61,200 strike (1.93 lakh contracts) and 62,500 strike (61,350 contracts). The maximum Call unwinding was seen at the 60,800 strike, which shed 1.56 lakh contracts, followed by the 60,500 and 60,900 strikes which shed 1.08 lakh and 78,330 contracts, respectively.

<img class="alignnone size-full wp-image-13832785 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217163935_Image817022026.jpg" alt="Image817022026" width="1257" height="340" />

6) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Put Options Data</a>

On the Put side, the maximum Put open interest was seen at the 60,000 strike (with 25.48 lakh contracts), which can act as a key support level for the index. This was followed by the 60,500 strike (9.43 lakh contracts) and the 61,000 strike (8.66 lakh contracts).

The maximum Put writing was placed at the 60,000 strike (which added 3.68 lakh contracts), followed by the 61,000 strike (2.84 lakh contracts) and the 61,100 strike (2.06 lakh contracts). The maximum Put unwinding was seen at the 60,800 strike, which shed 40,290 contracts, followed by the 59,800 and 62,000 strikes, which shed 15,420 and 1,380 contracts, respectively.

<img class="alignnone size-full wp-image-13832786 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217163956_Image917022026.jpg" alt="Image917022026" width="1239" height="340" />

7) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Funds Flow (Rs crore)</a>

<img class="alignnone size-full wp-image-13832861 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217193112_Image1917022026.jpg" alt="Image1917022026" width="700" height="476" />

8) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Put-Call Ratio</a>

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, climbed to 1.12 on February 17, compared to 1.11 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

<img class="alignnone size-full wp-image-13832789 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217164046_Image417022026.jpg" alt="Image417022026" width="1248" height="500" />

9) <a href="https://www.moneycontrol.com/indian-indices/india-vix-36.html" target="_blank">India VIX</a>

The India VIX, also known as the fear index, fell 4.93 percent to 12.67 after a three-day winning streak, signalling some comfort for bulls. However, the index needs to decisively fall below the 12 zone or below all its key moving averages for bulls to enter a major comfort zone.

<img class="alignnone size-full wp-image-13832790 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217164110_Image517022026.jpg" alt="Image517022026" width="1281" height="684" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (73 Stocks)</a>

A long build-up was seen in 73 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13832855 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217192549_Image1517022026.jpg" alt="Image1517022026" width="700" height="713" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (29 Stocks)</a>

29 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13832856 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217192626_Image1617022026.jpg" alt="Image1617022026" width="700" height="703" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (65 Stocks)</a>

65 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

<img class="alignnone size-full wp-image-13832858 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217192943_Image1717022026.jpg" alt="Image1717022026" width="700" height="676" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (44 Stocks)</a>

44 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13832862 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217193156_Image2017022026.jpg" alt="Image2017022026" width="700" height="666" />

14) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">High Delivery Trades</a>

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.

<img class="alignnone size-full wp-image-13832860 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260217193029_Image1817022026.jpg" alt="Image1817022026" width="700" height="718" />

15) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Stocks Under F&amp;O Ban</a>

Securities banned under the F&amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;O ban: Nil

Stocks retained in F&amp;O ban: SAIL, Sammaan Capital

Stocks removed from F&amp;O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Trade setup for February 18: Top 15 things to know before the opening bell

The Nifty 50 extended its upward journey for the second consecutive session, closing 0.17 percent higher on February 17 and sustaining above all key moving averages. The index moved closer to the falling resistance trendline and attempted to close the bearish gap of February 13 by hitting an intraday high of 25,764. Meanwhile, the RSI sustained above the 50 zone and the VIX fell sharply. Hence, if the index manages to close and sustain above 25,750, a rally toward the 25,900–26,000 levels cannot be ruled out in the upcoming sessions. However, 25,600 is expected to act as immediate support, followed by 25,500 as a crucial support level, according to experts.



Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (25,725)

Resistance based on pivot points: 25,761, 25,807, and 25,881

Support based on pivot points: 25,613, 25,567, and 25,493

Special Formation: The Nifty 50 formed a bullish candle with upper and lower shadows on the daily timeframe, indicating a positive mood amid volatility. The index sustained above all key moving averages and closed above the previous day’s high. The RSI climbed to 51.81 with a positive crossover, while the MACD continued to sustain above the signal line and the zero line, though the histogram signalled further fading momentum. All these indicators suggest a cautiously positive undertone, despite some moderation in momentum.

2) Key Levels For The Bank Nifty (61,174)

Resistance based on pivot points: 61,252, 61,413, and 61,673

Support based on pivot points: 60,731, 60,571, and 60,310

Resistance based on Fibonacci retracement: 62,077, 64,731

Support based on Fibonacci retracement: 60,677, 60,000

Special Formation: The Bank Nifty also formed a bullish candle with a lower shadow on the daily charts, indicating a positive bias with buying interest at lower levels. The banking index closed above the previous day’s high and held well above all key moving averages (10, 20, 50, and 100 EMAs). In fact, all these moving averages are trending upward. The index is marching closer to the upper Bollinger Band, while the RSI jumped to 62.12, signalling strengthening momentum. The MACD sustained above the signal line with the histogram rising further, while the Stochastic RSI is on the verge of a breakout. All these indicators point toward strengthening bullish momentum in the banking space.



3) Nifty Call Options Data

According to the monthly options data, the 26,000 strike holds the maximum Call open interest (with 89.34 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 26,200 strike (47.6 lakh contracts) and 25,700 strike (44.01 lakh contracts).

Maximum Call writing was observed at the 26,200 strike, which saw an addition of 23.7 lakh contracts, followed by the 26,000 and 25,700 strikes, which added 16.23 lakh and 14.49 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,300 strike which shed 60,515 contracts, followed by the 25,550 and 25,450 strikes, which shed 30,550 and 11,310 contracts, respectively.



4) Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 25,000 strike (with 73.83 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 25,500 strike (71.09 lakh contracts) and the 25,700 strike (46.66 lakh contracts).

The maximum Put writing was placed at the 25,700 strike, which saw an addition of 19.73 lakh contracts, followed by the 25,600 and 25,750 strikes, which added 12.3 lakh and 10.27 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,300 strike, which shed 33,020 contracts, followed by the 26,400 and 26,150 strikes, which shed 10,140 and 6,695 contracts, respectively.



5) Bank Nifty Call Options Data

According to the monthly options data, the 60,000 strike holds the maximum Call open interest, with 14.1 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 61,000 strike (8.7 lakh contracts) and the 62,000 strike (7.84 lakh contracts).

Maximum Call writing was observed at the 61,100 strike (with the addition of 2.41 lakh contracts), followed by the 61,200 strike (1.93 lakh contracts) and 62,500 strike (61,350 contracts). The maximum Call unwinding was seen at the 60,800 strike, which shed 1.56 lakh contracts, followed by the 60,500 and 60,900 strikes which shed 1.08 lakh and 78,330 contracts, respectively.



6) Bank Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 60,000 strike (with 25.48 lakh contracts), which can act as a key support level for the index. This was followed by the 60,500 strike (9.43 lakh contracts) and the 61,000 strike (8.66 lakh contracts).

The maximum Put writing was placed at the 60,000 strike (which added 3.68 lakh contracts), followed by the 61,000 strike (2.84 lakh contracts) and the 61,100 strike (2.06 lakh contracts). The maximum Put unwinding was seen at the 60,800 strike, which shed 40,290 contracts, followed by the 59,800 and 62,000 strikes, which shed 15,420 and 1,380 contracts, respectively.



7) Funds Flow (Rs crore)



8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, climbed to 1.12 on February 17, compared to 1.11 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.



9) India VIX

The India VIX, also known as the fear index, fell 4.93 percent to 12.67 after a three-day winning streak, signalling some comfort for bulls. However, the index needs to decisively fall below the 12 zone or below all its key moving averages for bulls to enter a major comfort zone.



10) Long Build-up (73 Stocks)

A long build-up was seen in 73 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (29 Stocks)

29 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.



12) Short Build-up (65 Stocks)

65 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.



13) Short-Covering (44 Stocks)

44 stocks saw short-covering, meaning a decrease in OI, along with a price increase.



14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.



15) Stocks Under F&amp;amp;O Ban

Securities banned under the F&amp;amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;amp;O ban: Nil

Stocks retained in F&amp;amp;O ban: SAIL, Sammaan Capital

Stocks removed from F&amp;amp;O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Sensex and Nifty settled higher for the second straight session., Bank Nifty closed near 61,200, up 0.37%., Midcap and smallcap indices extended gains, showing strength.

* Sensex and Nifty settled higher for the second straight session.
* Bank Nifty closed near 61,200, up 0.37%.
* Midcap and smallcap indices extended gains, showing strength.

Nifty and Sensex closed higher for the second session amid volatile trade. Bank Nifty outperformed, nearing its all-time high. Midcap and Smallcap indices also gained, signaling market strength. Key resistance and support levels were highlighted by analysts.

shorts/business/technical-view-nifty-rises-for-2nd-day-move-above-25-850-can-extend-to-26-000-say-experts

* Sensex and Nifty settled higher for the second straight session.
* Bank Nifty closed near 61,200, up 0.37%.
* Midcap and smallcap indices extended gains, showing strength.

The equity benchmark indices settled higher for the second straight session on Tuesday amid volatile trade and selective buying on the weekly expiry day.

The Nifty opened weak tracking subdued global cues but recovered during the day to settle 42.65 points, or 0.17 percent, higher at 25,725.40.

The Sensex rose 173.81 points, or 0.21 percent, to close at 83,450.96 after moving between 83,598 and 82,987.43 in intra-day trade.

Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities, said the 25,800–25,850 zone remains the immediate hurdle for the Nifty. A sustained move above 25,850 could push the index towards the 26,000 level, while 25,630–25,600 is expected to act as near-term support.

The Bank Nifty continued to outperform, ending near the 61,200 mark with a gain of 0.37 percent, added Shah.

He said the index formed a bullish candle with a minor lower shadow on the daily chart, indicating buying interest at lower levels. With the index hovering close to its all-time high, the overall structure remains positive as major moving averages are aligned upward and momentum indicators show a bullish undertone.

According to Shah, the immediate support zone for the Bank Nifty is placed at 60,800–60,700. As long as the index holds above 60,700, the setup remains favourable for further upside with possible targets of 61,600 and 62,100 in the short term.

The broader market also remained firm. Both the Nifty Midcap 100 and Nifty Smallcap 100 indices closed in the green, extending gains. The midcap index traded above key moving averages, while the smallcap index stayed above its 20-day EMA, signalling near-term strength.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Technical View: Nifty rises for 2nd day, move above 25,850 can extend to 26,000, say experts

The equity benchmark indices settled higher for the second straight session on Tuesday amid volatile trade and selective buying on the weekly expiry day.

The Nifty opened weak tracking subdued global cues but recovered during the day to settle 42.65 points, or 0.17 percent, higher at 25,725.40.

The Sensex rose 173.81 points, or 0.21 percent, to close at 83,450.96 after moving between 83,598 and 82,987.43 in intra-day trade.

Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities, said the 25,800–25,850 zone remains the immediate hurdle for the Nifty. A sustained move above 25,850 could push the index towards the 26,000 level, while 25,630–25,600 is expected to act as near-term support.

The Bank Nifty continued to outperform, ending near the 61,200 mark with a gain of 0.37 percent, added Shah.

He said the index formed a bullish candle with a minor lower shadow on the daily chart, indicating buying interest at lower levels. With the index hovering close to its all-time high, the overall structure remains positive as major moving averages are aligned upward and momentum indicators show a bullish undertone.

According to Shah, the immediate support zone for the Bank Nifty is placed at 60,800–60,700. As long as the index holds above 60,700, the setup remains favourable for further upside with possible targets of 61,600 and 62,100 in the short term.

The broader market also remained firm. Both the Nifty Midcap 100 and Nifty Smallcap 100 indices closed in the green, extending gains. The midcap index traded above key moving averages, while the smallcap index stayed above its 20-day EMA, signalling near-term strength.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sensex rose 173.81 points, Nifty up 42.65 points on broad buying, IT, FMCG, and PSU banks led gains; metals and realty fell, Over 140 stocks hit 52-week lows, 110+ stocks hit 52-week highs

* Sensex rose 173.81 points, Nifty up 42.65 points on broad buying
* IT, FMCG, and PSU banks led gains; metals and realty fell
* Over 140 stocks hit 52-week lows, 110+ stocks hit 52-week highs

Indian equity benchmarks rose on February 17, led by IT, FMCG, and banking stocks, while metals and realty lagged. Sensex gained 173.81 points, Nifty 42.65. Broader markets outperformed. Nifty faces resistance at 25,800, with possible rangebound trade ahead.

shorts/business/taking-stock-markets-extend-gains-nifty-above-25-700-sensex-rises-174-pts

* Sensex rose 173.81 points, Nifty up 42.65 points on broad buying
* IT, FMCG, and PSU banks led gains; metals and realty fell
* Over 140 stocks hit 52-week lows, 110+ stocks hit 52-week highs

Indian equity benchmarks extended their previous session’s gains on February 17, supported by broad-based buying across sectors with strong interest in IT, FMCG, and banking stocks. However, profit booking in metal, and realty counters capped the upside.

After a weak opening, the market staged a smart recovery in the first hour and traded rangebound during the first half. However, fresh buying interest in the mid-session pushed the Nifty higher, helping the index touch the day’s high of 25,764.40.

At close, the Sensex was up 173.81 points or 0.21 percent at 83,450.96, and the Nifty was up 42.65 points or 0.17 percent at 25,725.40.

Broader markets outperformed the benchmarks, as Nifty Midcap index rising 0.3 percent and smallcap index adding 0.5 percent.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/it-index-rises-nearly-3-on-nandan-nilekani-anthropic-ceo-s-remarks-infosys-leads-gains-here-s-what-they-said-13831817.html">IT index rises nearly 3% on Nandan Nilekani, Anthropic CEO's remarks; Infosys leads gains: Here's what they said</a>

On the sectoral front, PSU Bank index up 2 percent, IT index up 1 percent, media index rises 0.6 percent, auto index up 0.5 percent, while metal down 1 percent and realty index down 0.3 percent.

Adani Enterprises, ITC, Bharat Electronics, Infosys, L&amp;T were among major gainers on the Nifty, while losers are Eternal, Trent, Hindalco Industries, Reliance Industries and Tata Steel.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/sebi-court-refuses-to-close-case-against-chetan-sandesara-and-others-issue-was-settled-in-sc-13831797.html">SEBI court refuses to close case against Chetan Sandesara and others, issue was settled in SC</a>

In stock specific action, Ola Electric Mobility share price fell to record low on Citigroup downgrade, Cochin Shipyard shares jumped 3.7% on bagging project worth Rs 5,000 crore, Infosys shares rose 2% on collaboration with Anthropic, Texmaco Rail &amp; Engineering shared added 4% on winning order worth Rs 219.18 crore, Bajel Projects shares 3.7% on forming in JV with Al Sharif Contracting.

Also Read - <a href="https://www.moneycontrol.com/news/business/ipo/clean-max-ipo-set-to-deliver-multifold-gains-to-promoters-early-investors-13831160.html">Clean Max IPO set to deliver multifold gains to promoters, early investors</a>

More than 140 stocks touched their 52-week low, including Brainbees Solutions, Cello World, Ola Electric, Clean Science, Abbott India, C. E. Info Systems, Cohance Life, Blue Jet, Firstsource Solutions, Newgen Software, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-low-bse/?indexName=BSE%20500&amp;id=12">Click to View More</a>

More than 110 stocks touched their 52-week high, including Union Bank of India, Force Motors, Bank of India, Graphite India, L&amp;T, SBI, Lupin, Max Financial, Astral, Kirloskar Oil, Indus Towers, Jindal Steel, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-high-bse/?indexName=BSE%2520500&amp;id=12#google_vignette">Click to View More</a>

Outlook for February 18

Rupak De, Senior Technical Analyst at LKP Securities

The index has continued its recovery but faced resistance near the 50DMA on the higher side. As a result, it may remain rangebound or witness a minor pullback, given the rejection at this critical moving average. The RSI has also entered a bearish crossover, indicating weakening momentum.

On the upside, resistance is placed at 25,800, above which the index could witness further strength. However, failure to move past 25,800 may trigger long unwinding, potentially dragging the index back toward the 25,500 level.

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices continued their positive momentum. The Nifty ended 43 points higher, while the Sensex was up by 174 points. Among sectors, PSU Banks was the top performer, rallying over 2.11 percent, whereas the Metal index lost the most, shedding over 1 percent.

Technically, after a gap-down open, the market took support near 25,600/83000 and bounced back sharply. On intraday charts, it is holding an uptrend continuation formation and also formed a bullish candle on daily charts, which is largely positive.

We are of the view that 25,600/83000 and 25,500/82700 remain the crucial support zones for traders. As long as the market is trading above these levels, the bullish momentum is likely to continue.

On the higher side, 25,800/83700 would act as an immediate resistance zone for the bulls. A successful breakout above 25,800/83800 could push the market towards 25,950-26,000/84200-84500. On the flip side, below 25,500/82700, the uptrend would become vulnerable.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Taking Stock: Markets extend gains; Nifty above 25,700, Sensex rises 174 pts

Indian equity benchmarks extended their previous session’s gains on February 17, supported by broad-based buying across sectors with strong interest in IT, FMCG, and banking stocks. However, profit booking in metal, and realty counters capped the upside.

After a weak opening, the market staged a smart recovery in the first hour and traded rangebound during the first half. However, fresh buying interest in the mid-session pushed the Nifty higher, helping the index touch the day’s high of 25,764.40.

At close, the Sensex was up 173.81 points or 0.21 percent at 83,450.96, and the Nifty was up 42.65 points or 0.17 percent at 25,725.40.

Broader markets outperformed the benchmarks, as Nifty Midcap index rising 0.3 percent and smallcap index adding 0.5 percent.

Also Read - IT index rises nearly 3% on Nandan Nilekani, Anthropic CEO's remarks; Infosys leads gains: Here's what they said

On the sectoral front, PSU Bank index up 2 percent, IT index up 1 percent, media index rises 0.6 percent, auto index up 0.5 percent, while metal down 1 percent and realty index down 0.3 percent.

Adani Enterprises, ITC, Bharat Electronics, Infosys, L&amp;amp;T were among major gainers on the Nifty, while losers are Eternal, Trent, Hindalco Industries, Reliance Industries and Tata Steel.

Also Read - SEBI court refuses to close case against Chetan Sandesara and others, issue was settled in SC

In stock specific action, Ola Electric Mobility share price fell to record low on Citigroup downgrade, Cochin Shipyard shares jumped 3.7% on bagging project worth Rs 5,000 crore, Infosys shares rose 2% on collaboration with Anthropic, Texmaco Rail &amp;amp; Engineering shared added 4% on winning order worth Rs 219.18 crore, Bajel Projects shares 3.7% on forming in JV with Al Sharif Contracting.

Also Read - Clean Max IPO set to deliver multifold gains to promoters, early investors

More than 140 stocks touched their 52-week low, including Brainbees Solutions, Cello World, Ola Electric, Clean Science, Abbott India, C. E. Info Systems, Cohance Life, Blue Jet, Firstsource Solutions, Newgen Software, among others. Click to View More

More than 110 stocks touched their 52-week high, including Union Bank of India, Force Motors, Bank of India, Graphite India, L&amp;amp;T, SBI, Lupin, Max Financial, Astral, Kirloskar Oil, Indus Towers, Jindal Steel, among others. Click to View More

Outlook for February 18

Rupak De, Senior Technical Analyst at LKP Securities

The index has continued its recovery but faced resistance near the 50DMA on the higher side. As a result, it may remain rangebound or witness a minor pullback, given the rejection at this critical moving average. The RSI has also entered a bearish crossover, indicating weakening momentum.

On the upside, resistance is placed at 25,800, above which the index could witness further strength. However, failure to move past 25,800 may trigger long unwinding, potentially dragging the index back toward the 25,500 level.

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices continued their positive momentum. The Nifty ended 43 points higher, while the Sensex was up by 174 points. Among sectors, PSU Banks was the top performer, rallying over 2.11 percent, whereas the Metal index lost the most, shedding over 1 percent.

Technically, after a gap-down open, the market took support near 25,600/83000 and bounced back sharply. On intraday charts, it is holding an uptrend continuation formation and also formed a bullish candle on daily charts, which is largely positive.

We are of the view that 25,600/83000 and 25,500/82700 remain the crucial support zones for traders. As long as the market is trading above these levels, the bullish momentum is likely to continue.

On the higher side, 25,800/83700 would act as an immediate resistance zone for the bulls. A successful breakout above 25,800/83800 could push the market towards 25,950-26,000/84200-84500. On the flip side, below 25,500/82700, the uptrend would become vulnerable.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

3 out of 5 years NIFTY INDIA MFG has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	15,695.58	15,735.92	15,804.78	15,626.72	15,586.38	15,517.52	15,477.18
Fibonacci	15,668.43	15,694.20	15,735.92	15,626.72	15,585.00	15,559.23	15,517.52
Camarilla	15,665.26	15,675.27	15,685.28	15,626.72	15,645.24	15,635.23	15,625.22

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