TRADE SET-UP: Global markets remain cautious and sideways. US markets were closed for Presidents’ Day, so there is no strong overnight lead from Wall Street. Asian markets are trading mixed, and the GIFT Nifty indicates a weak-to-flat opening (gap down around 50–70 points).
The undertone remains selective rather than broadly bullish.
OPTIONS DATA ANALYSIS
Heavy Call writing is visible at 25700 and 25800, acting as immediate resistance.
Put writers positioned at 25600 and 25500, forming short-term support.
This suggests a range-bound structure unless either side gets decisively breached.
Nifty will need a sustained move above the 25780–25800 zone to trigger short covering.
BANK NIFTY VIEW
Trading near the psychological 61000 zone, which is acting as a make-or-break level.
Call writers aggressive at 61200, creating supply overhead.
Strong Put writing around 60500, acting as a cushion support.
As long as 60500 holds, the structure remains buy-on-dips with controlled risk.
Bank Nifty continues to show relative strength compared to Nifty.
IT STOCK REVIEW
IT stocks remain in the spotlight ahead of the India AI Impact Summit 2026 in Delhi.
Major names like Infosys and HCL Tech have corrected sharply in recent weeks.
Any statement on AI regulation, outsourcing trends, or global tech demand could trigger sharp sectoral moves.
Avoid aggressive positioning until clarity emerges.
NIFTY BANK NIFTY RANGE FOR 17.02.2026
Key intraday trading levels based on options positioning.
OVERALL SENTIMENT
Cautiously range-bound with a sectoral rotation theme.
Breakout only if resistance zones are absorbed with volume.
STRATEGY:
Avoid aggressive FOMO buying
Trade within the range until a confirmed breakout
Respect the 45-minute rule before committing to size
Keep position sizing moderate
DISCLAIMER: We are not a SEBI-registered Research Analyst or Investment Advisor. You are solely responsible for your trading decisions. Always perform your own due diligence or consult a certified financial planner before executing any trade.