📈 DAILY MARKET UPDATE
📅 Date – 23 Feb 2026
🇮🇳 INDIAN MARKET:
✔️ Nifty Levels:
• Current Structure: Rangebound with Slight Positive Bias
• Immediate Support: 25,400 – 25,350
• Major Support: 25,200 – 25,100
• Immediate Resistance: 25,650 – 25,700
• Strong Resistance: 25,850 – 26,000
👉 Above 25,700 → Quick short covering towards 25,850 – 26,000
👉 Below 25,350 → Selling pressure towards 25,200
📌 Intraday Strategy: Buy on dips near support, sell near resistance unless breakout
✔️ Bank Nifty:
• Structure: Sideways to Mild Bullish
• Support: 60,500 – 60,300
• Major Support: 60,000 Zone
• Resistance: 61,500 – 61,700
👉 Above 61,700 → Fresh upside momentum
👉 Below 60,300 → Weakness can increase
📌 Focus: Banks still showing relative strength
✔️ FIIs & DIIs:
• FIIs: Mixed activity, no aggressive buying
• DIIs: Providing support on dips
📌 No strong directional flow yet — expect range moves
✔️ Sector Trend:
• Banking & Financials – Stable
• Energy – Strong due to crude support
• IT – Slight weakness
• FMCG & Pharma – Defensive buying
📌 Trade strong sectors, avoid weak breakouts
✔️ Volatility:
• India VIX slightly elevated
📌 Expect intraday swings
📌 Strict Stop Loss compulsory
✔️ Options Data:
• Strong Put Base: 25,200 – 25,400
• Call Writing: 25,700 – 26,000
• Expected Range: 25,200 – 26,000
• PCR: Neutral
📌 Clear Range Market unless big breakout
✔️ Stock Setups to Watch:
• Select PSU Banks
• Energy Stocks
• Strong breakout stocks with volume
• Avoid overextended IT counters
🌍 GLOBAL MARKET:
✔️ US Markets:
• US indices closed mixed
• Investors cautious ahead of macro data
📌 No strong negative global trigger
✔️ SGX / GIFT Nifty:
• Indicating flat to slightly positive opening
✔️ Crude Oil:
• Trading firm
📌 Positive for Oil & Gas stocks
📌 Negative for paint/aviation sector
✔️ Dollar Index:
• Slightly firm
📌 Pressure on Emerging Markets sentiment
✔️ Volatility Index (US VIX):
• Stable but elevated
📌 Global mood cautious
✔️ Data to Watch Today:
• US economic data
• Crude oil movement
• FIIs activity
• Breakout above 25,700 or breakdown below 25,350
🎯 Quick Summary:
• Market Mood: Rangebound / Slightly Positive
• Nifty Range: 25,200 – 26,000
• Best Strategy: Buy on dips, book profit near resistance
• Avoid emotional trades
• Follow strict risk management
⚠️ For educational purpose only. Not financial advice.