Quote on Closing Market Summary 25th Feb 2026 by Hitesh Tailor, Research Analyst - Research at Choice Equity Broking Private Limited
Below the Quote on Closing Market Summary 25th Feb 2026 by Hitesh Tailor, Research Analyst - Research at Choice Equity Broking Private Limited
Indian equity markets ended lower on Tuesday, February 24, 2026, as sustained selling pressure across key sectors dragged benchmarks sharply lower before a partial recovery in the latter half of the session. Weak sentiment and resistance near higher levels triggered broad-based profit booking, resulting in a negative close.
The Nifty 50 opened at 25,641.80 and also marked its intraday high at 25,641.80, indicating immediate selling pressure from the opening tick. The index then witnessed a sharp decline, slipping to an intraday low of 24,327.60 amid heavy intraday volatility. However, recovery buying at lower levels helped the index trim losses and settle at 25,424.65, down 288.35 points (-1.12%) for the day. The close near the mid-range suggests partial stabilization after deep cuts. Technically, immediate support is placed at 25,250–25,300, which remains crucial for short-term stability. On the upside, 25,550–25,600 continues to act as a key resistance band; a decisive breakout above this zone is required to restore bullish momentum.
|
20 Day EMA |
50 Day EMA |
100 Day EMA |
200 Day EMA |
|
25621.04 |
25663.71 |
25587.31 |
25243.80 |
The NIFTY Bank also traded with a negative bias, reflecting weakness in banking heavyweights. The index opened at 61,392.10, touched an intraday high of 61,435.65, and then slipped to an intraday low of 60,801.85 amid sustained selling pressure. It eventually closed at 61,047.30, down 216.95 points (-0.35%), settling in the lower half of the day’s range. Immediate support is seen at 60,700–60,800, while the 61,300–61,400 zone remains a strong resistance band. A decisive close above this region would be necessary to revive upward momentum.
Meanwhile, India VIX declined marginally by 0.12% to close at 14.15, indicating that volatility remained elevated despite the slight cooling, reflecting cautious undertones among traders.
In the derivatives segment, aggressive call writing at 25,500-25,600 and strong put writing at 25,300-25,400 indicate a defined trading range in the near term. Options data suggests 25,600 remains a firm resistance hurdle, while 25,300 is emerging as an immediate support base for the current expiry cycle.
Overall sentiment has turned cautious following the sharp intraday volatility. Traders are advised to remain disciplined and selective, as the index is trading close to crucial support levels. A decisive breakout above resistance or breakdown below support will likely determine the next directional move.
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