Daily Technical Report 24th February 2026 by Axis Securities Ltd
NIFTY
Nifty closed at 25,713 in a previous session, with a gain of 142 points. The index opened on a positive note after the US Supreme Court ruled against President Trump’s tariffs. However, uncertainty persisted as Trump indicated plans to move ahead with a 15% tariff, keeping sentiment cautious. Nifty formed a spinning top candle, reflecting indecisiveness among traders. The index has been trading within a falling channel since 3rd February, and a decisive close above 25,850 could revive upside momentum.
BANK NIFTY
Bank Nifty settled at 61,264, up 92 points. On the daily chart, it formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels.
Our trend-score-based analysis on the Nifty and Bank Nifty suggests a bullish outlook for both benchmarks.
For deeper insights, including pivot levels, key metrics, and gainers and losers, kindly refer to the attached report.
Please find the detailed market insights in the attached report, with pivot levels, key metrics, and performance highlights.
