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Published on 23-02-2026 04:46 pm

Intraday Derivatives Call Exit NIFTY 24FEB 25600 PE at 80

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Published on 23-02-2026 02:12 pm

Bank Nifty Index

* Bank Nifty started the week on a subdued note but saw robust buying interest at lower levels, triggering a sharp rebound to settle at 61,172, up 985 points for the week.

* On the weekly chart, the index formed a robust Bullish Engulfing candlestick pattern. In the context of an ongoing uptrend, this formation signals trend continuation and reinforces the underlying strength.

* Technically, a decisive move and sustained close above 61,500 could trigger fresh buying momentum, paving the way towards 61,800–62,300 levels. Conversely, a break below 61,000 may invite profit booking, dragging the index towards 60,500–60,000.

* For the coming week, Bank Nifty is expected to trade within the 62,300– 60,000 range with a positive bias.

* Momentum indicators further support the constructive outlook, with the weekly RSI and Stochastic oscillator rebounding from oversold territory and holding above their respective reference lines, signalling strengthening momentum.

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Published on 23-02-2026 02:09 pm

Nifty 50 Index

* Nifty began the week on a flat note and remained highly volatile amid escalating US–Iran geopolitical tensions and rising crude oil prices. The index closed at 25,571 on Friday, posting a weekly gain of 100 points.

* On the weekly chart, Nifty formed a small bullish candle with an upper shadow, highlighting selling pressure near the psychological 26,000 mark.

* For further upside, the index must decisively reclaim the 40-day EMA at 25,665, which could open the path towards 25,850–26,000. On the downside, the 25,375–25,325 zone— confluence of the previous week’s low and the 200-day SMA—is expected to act as strong support, followed by 25,250–25,000 as the next cushion.

* The broad range established in the first week of February (26,341–24,679) continues to serve as the pivotal reference zone for the next decisive move.

* For the week, we expect Nifty to trade in the range of 26,000-25,000 with mixed bias.

* The daily RSI remains flat around the 50 mark, oscillating near its reference line, signalling a lack of clear directional momentum.

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Published on 23-02-2026 02:08 pm

* Technology: IT companies posted positive earnings growth, the highest in 10 quarters, despite seasonally weak conditions in 3QFY26. They reported betterthan-feared earnings, with PAT growth of 12% YoY. Management commentary on discretionary spending and early AI-related demand remained constructive, though broader sentiment turned cautious after AI-native players like Palantir and Anthropic highlighted faster AI-led productivity gains, compressed implementation timelines, and potential disruption across applications, fueling debate on AI-driven deflation versus incremental revenue opportunities.

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Published on 23-02-2026 02:07 pm

* Consumer sector reported its first double-digit earnings growth in seven quarters, with a 13% YoY increase. Staple companies saw resilient demand and remain optimistic about a steady consumption recovery in the coming quarters. Key government initiatives, along with milder inflation, improved affordability following recent GST rate rationalization, and declining interest rates, are supporting both rural and urban consumption.

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