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Below the Quote on Pre-market comment for Thursday Feb 19 by Hitesh Tailor, Research Analyst, Choice Broking

Indian equity markets are expected to begin the February 19 session on a flat-to-positive note, as GIFT Nifty trades around 25,864, up nearly 32 points—signaling a stable yet cautious opening tone.

The Nifty 50 started the previous session at 25,752 and declined to an intraday low of 25,645.15, briefly testing near-term support levels. However, strong buying interest during the day pushed the index to an intraday high of 25,828.05, eventually closing firmly at 25,819.35, reflecting positive closing momentum and healthy demand at lower levels. The immediate support zone is placed at 25,650–25,700, while the key resistance band remains at 25,950–26,000.

The NIFTY Bank index also ended higher at 61,550.80, registering a gain of 376.80 points (0.62%), supported by strength in leading banking stocks. After opening at 61,255.35, the index slipped to 61,100.90 before staging a strong recovery to an intraday high of 61,596.85 and closing near the day’s peak, indicating robust buying interest at lower levels. Immediate support is seen in the 61,250–61,350 range, while 61,750–61,850 continues to act as a major resistance zone.

Foreign Institutional Investors (FIIs) extended their buying activity for the second straight session on February 18, with net purchases worth ?1,154 crore. Domestic Institutional Investors (DIIs) also remained net buyers for the fifth consecutive session, investing ?440 crore in equities.

Given persistent global uncertainties and elevated market volatility, traders are advised to maintain discipline and be selective, focusing on fundamentally strong stocks during market corrections. Fresh long positions should be considered only after a sustained breakout of the Nifty above the 26,000 level, which would signal a more reliable improvement in overall market sentiment.

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