TRADE SET-UP: Why the Market Fell Sharply Yesterday?

A mix of negative global and domestic triggers drove the sharp correction.

• Global Pressures: The DJIA slipped amid financial uncertainty ahead of a key inflation report.

• Rising Energy Costs: US crude surged amid geopolitical tensions and fears of supply disruptions.

• Institutional Selling: Heavy FII selling intensified downside pressure.

• Technical Factors: Aggressive profit booking near all-time highs added to the fall.

The broader tone remains cautious.

OPTIONS DATA ANALYSIS

NIFTY

• Heavy Call writing at 25600 and 25700, forming a strong supply zone.

• Put writers active at 25200, creating immediate support.

• Sustained move below 25350 may open room toward 25200 → 25115.

• Upside recovery only if Nifty sustains above 25555–25600.

Structure suggests a range to mild downside bias unless resistance is reclaimed.

NIFTY BANK NIFTY RANGE FOR 20.02.2026

Key intraday trading levels based on derivative positioning.

BANK NIFTY VIEW

• 61000 remains a major psychological barrier.

• Strong support seen around 60000.

• Put writers defending lower levels but upside capped near 61250–61450 zone.

Bank Nifty remains relatively stable but needs strength above the 60960 breakout zone for upside expansion.

OVERALL MARKET STRATEGY

• Wait and watch approach

• Avoid fresh aggressive longs

• Trade only on confirmation

• Respect breakdown levels

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.