TRADE SET-UP: The global backdrop remains cautiously optimistic. Asian markets are stable, and Wall Street handed over a neutral-to-positive cue. This suggests a flat-to-mild gap-up opening, but the real move will depend on how domestic support levels are defended.

Options data reflects a balanced structure.

OPTIONS DATA ANALYSIS

• Nifty PCR at 0.96, indicating a balanced-to-mildly bullish setup.

• Strong Put writing at 25700 and 25600, now acting as immediate support.

• On the upside, aggressive Call writing at 26800 followed by 25900, creating a near-term ceiling.

Technically, Nifty failed to sustain above the falling 50 SMA yesterday (25765 zone).

For further upside:

• Index must sustain above 25765 for 30 minutes

• Then 25850 → 25915 → 26050 become intraday targets

Until then, expect consolidation with upside attempts.

NIFTY BANK NIFTY RANGE FOR 18.02.2026

Key intraday trading levels based on options positioning.

BANK NIFTY VIEW

Bank Nifty looks structurally stronger.

• If it clears 54290 equivalent zone (spot adjusted as per your data reference), expect momentum toward higher levels.

• 53900 remains strong support for the session.

As long as this level holds, dips are likely to be bought.

OVERALL TREND

Sideways to Bullish Bias.

Breakout confirmation only above resistance with volume.

STRATEGY:

• Avoid aggressive buying at the open

• Let the first 30–45 minutes settle

• Buy dips near a strong put base with a strict stop loss

• No emotional trades inside the resistance zone

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.