Today is Monday, February 23, 2026. The Indian markets are showing signs of a steady recovery following a volatile end to the previous week.
1. GIFT Nifty & Early Cues
- GIFT Nifty: Trading at 25,712, indicating a soft to flat start compared to Friday’s close, down about 0.65% from its overnight peak but still holding above key psychological levels.
- Global Sentiment: Mixed. While US markets saw a relief bounce following a Supreme Court ruling on tariffs, Asian peers like the Nikkei 225 (-1.19%) are under pressure.
2. Support & Resistance (Nifty & Bank Nifty)
The benchmarks are consolidating after Friday’s “relief rally.”
| Index | Immediate Support | Major Support | Immediate Resistance | Major Resistance |
| Nifty 50 | 25,500 – 25,600 | 25,300 | 25,800 | 26,050 |
| Bank Nifty | 60,650 | 60,300 | 61,400 | 61,700 |
3. FII & DII Data (Provisional – Feb 20, 2026)
The institutional flow turned positive on a net basis on Friday, providing a floor for the market.
- FII (Cash): Net Sellers of ₹934.61 Crore.
- DII (Cash): Net Buyers of ₹2,637.15 Crore.
- FII Index Futures: Net Buyers of ₹696.13 Crore.
4. FII Derivative Positions (Contracts)
- Index Futures: FIIs have marginally reduced their bearish bets. They currently hold approximately 2.46 Lakh Long contracts.
- Hedged Position: There is a significant concentration of Put Longs (approx. 14 Lakh contracts), indicating that institutional players are still maintaining heavy “insurance” against global volatility.
5. July Month Open Interest (OI)
Note: While July is a far-month series with lower liquidity, the current buildup reflects long-term hedging.
- Resistance (Call OI): Highest at 27,000 and 28,000.
- Support (Put OI): Highest at 25,000 and 24,000.
- PCR (Current Series): Around 0.87, suggesting the market is no longer “extremely oversold” but still has room for a technical bounce.
6. News & Updates
- Corporate Buzz: * 5paisa Capital: Board meeting today to consider fundraising.
- Waaree Energies: Plans for a new Gigafactory in collaboration with the State Government are in focus.
- Adani Power: Gautam Adani is reviewing ₹40,000 Crore power projects in Jharkhand and Bihar.
- Commodities: Gold has surged past the $5,100 mark (XAU/USD), and Crude Oil is hovering near a 6-month high due to US-Iran tensions.
7. Major US Events Tonight
- US Earnings: The tail end of the earnings season continues, but the market’s primary focus is on Nvidia (NVDA) results scheduled for later this week (Wednesday).
- Macro Data: Traders will be watching for US Consumer Sentiment updates and any further commentary on the Supreme Court tariff rulings, which have caused recent fluctuations in the Dollar Index.