Gemini said
Today is Wednesday, February 25, 2026. The Indian markets are entering a “recovery mode” after a significant sell-off yesterday where the Nifty dropped over 280 points, primarily due to an IT sector meltdown.
1. GIFT Nifty & Early Cues
- GIFT Nifty: Trading at 25,664 (up ~60 points), suggesting a positive gap-up opening for the Nifty 50.
- Global Sentiment: Stabilizing. While Asian markets remain mixed (Nikkei +1.05%, Hang Seng -1.82%), the positive start in GIFT Nifty indicates domestic resilience following yesterday’s “worst session in four days.”
2. Support & Resistance (Nifty & Bank Nifty)
Analysts noted a rebound from the 200-DMA yesterday, which remains the “line in the sand” for bulls.
| Index | Immediate Support | Major Support | Immediate Resistance | Major Resistance |
| Nifty 50 | 25,325 | 25,200 (200-DMA) | 25,600 | 25,800 – 25,900 |
| Bank Nifty | 60,800 | 60,300 | 61,400 | 61,700 |
3. FII & DII Data (Feb 24, 2026)
Yesterday saw a heavy exit from derivatives by FIIs, while DIIs provided a massive cash cushion.
- FII (Cash): Net Sellers of ₹102.50 Crore.
- DII (Cash): Net Buyers of ₹3,161.20 Crore.
- FII Index Futures: Net Sellers of ₹3,293.20 Crore.
- FII Index Options: Net Sellers of ₹26,148 Crore (likely squaring off positions for expiry).
4. FII Derivative Positions (Index Futures)
- FII Long-Short Ratio: Has cooled significantly. FIIs have turned cautious with a net short bias in the very near term, though their cash selling has remained relatively low compared to the derivative exit.
- OI Interpretation: Yesterday’s fall was accompanied by a decrease in Nifty Futures OI (-13%), suggesting Long Unwinding rather than aggressive fresh shorting.
5. March Month Option Chain (OI)
With the February expiry today/tomorrow, the March series is seeing a buildup of “safety” bets.
- Resistance (Call OI): Highest at 26,000 and 26,500.
- Support (Put OI): Major floor at 25,000 and 24,500.
- PCR (Put Call Ratio): ~0.70 – 0.80, indicating the market is entering an oversold zone, which often triggers a relief rally.
6. Key News & Updates
- IT Sector Bleed: Nifty IT fell nearly 5% yesterday due to AI disruption fears and US trade policy uncertainties. Watch for a dead-cat bounce today.
- Stocks in Focus: * Hindustan Zinc: Partnering to expand manufacturing.
- BCSSL: News on clean energy acquisitions.
- MobiKwik: Received BSE nod to start stockbroking operations.
- Geopolitics: Iran’s FM hinted that a nuclear deal is “within reach,” which might help cool down crude oil prices eventually.
7. Major US Economic Events Tonight
- US GDP (Second Estimate): A revision of Q4 GDP data is expected tonight, which will impact dollar strength.
- New Home Sales: Key data point for US consumer health.
- Fed Speeches: Markets await further clarity on interest rate trajectories as inflationary pressures persist.