Indian equity markets are expected to open on a weaker note on Monday, February 16, 2026, as indices continue to show consolidation patterns on weekly charts. Signals from GIFT Nifty also points toward a negative opening. The index was trading near the 25,448 indicating a gap-down start of around 70 points from its previous Nifty futures close.
On Friday, domestic indices witnessed selling pressure. The Sensex dropped 1,048 points or 1.25% to settle at 82,626.76 while the Nifty 50 declined 336 points or 1.30% to close at 25,471.10.
The Sensex has established a reversal pattern near 84,500 and a weekly bearish candle, indicating fading momentum at higher levels.
Analysts suggest that 82,500 aligned with the 20-day Simple Moving Average constitutes an important support level.
A sustained move below this mark could intensify the correction toward 82,200, followed by 81,700-81,500.
The price will face immediate resistance at 83,000-83,200. The market will begin to reverse its current trend when it breaks through this area and moves towards 83,700 to 84,000.
The Nifty 50 has formed a long bearish candle on the daily chart and slipped below its 50-day Double Exponential Moving Average (DEMA) reflecting renewed selling pressure.
Immediate support is placed around 25,200-25,250. A decisive break below this could drag the index toward 25,000 and possibly the 200-day moving average near 25,300.
On the upside, resistance is around 25,550-25,600 where heavy call writing has created a supply zone. Any rebound is expected to face selling pressure unless Nifty sustains above 25,800.
Also Read: How to Manage Risk in Stock Market Investing as a Beginner
The Bank Nifty closed at 60,186.65 after declining by 553 points or 0.91% decrease on Friday. The index has broken below the lower boundary of a recent consolidation range as momentum indicators have started to weaken.
The 20-day EMA supports immediate market protection at 60,000-59,900. A break below this level could extend the decline toward 59,500 and 59,000.
The 60,500-60,600 operates as resistance. Bullish momentum toward 61,000 will only resume after the market sustains its movement above this resistance zone.
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