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Below the Quote on Morning Outlook 24th Feb 2026 by Sumeet Bagadia, Executive Director at Choice Broking

"Indian equity markets are expected to begin the Tuesday, February 24 session on a negative note, as GIFT Nifty is trading around 25,609, down nearly 112 points, indicating a weak and cautious opening for domestic indices...

In Previous Session, Nifty 50 opened with a 100-point gap-up, signaling strong bullish sentiment, and extended its rally to an intraday high of 25,771.45. A mid-session pullback to 25,609, driven by profit booking, was followed by a 119-point recovery, leading to a close at 25,713 with 141-point gains, reflecting sustained buying interest. Resistance stands at 25,850-25,900, support at 25,550-25,600, while the RSI at 51.54 indicates a neutral-to-positive momentum bias

Bank Nifty opened flat and extended its bullish move to an intraday high of 61,517, before witnessing a 480-point correction, indicating profit booking at higher levels. After a phase of sideways consolidation, the index recovered and closed at 61,264.25, posting a marginal gain of 92.25 points, refecting underlying strength and buying support. Resistance lies at 61,500-61,600, support at 60,900-61,000, with RSI at 59.63 showing positive momentum.

After remaining net sellers for the previous two sessions, Foreign Institutional Investors (FIls) turned net buyers on February 23, purchasing equities worth ?3,843 crore. With this, they also turned net buyers for the month. Meanwhile, Domestic Institutional Investors (DIIs) of baded equities worth 1,292 crore.

Amid ongoing global uncertainties and heightened volatility, traders should adopt a cautious and selective approach, prioritizing fundamentally strong stocks, especially during market dips. Avoid aggressive positioning at current levels. A fresh buying opportunity may emerge only after a decisive and sustained breakout above the 26,000 mark on the Nifty, which would conf in a bullish bias b and indicate strengthening market sentiment. Until then, maintain disciplined risk management and a stock-specific strategy."

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