Nifty Trading Plan for February 16
Business
M
Moneycontrol16-02-2026, 01:17

Nifty 50, Bank Nifty: Will Markets Rebound After Friday's Sharp Sell-Off?

  • Nifty 50 plunged 336 points (1.3%) to 25,471, while Bank Nifty slipped 553 points (0.91%) to 60,187 on February 13.
  • Experts suggest Nifty 50 could fall towards 200 DMA (25,300) if bearish trend continues, but holding above Friday's low could lead to resistance at 25,500–25,700.
  • Bank Nifty is expected to consolidate, with 60,000–59,950 as support and 60,400–60,600 as resistance.
  • Technical analysis indicates Nifty 50 shows signs of distribution and healthy price correction, with broader trend intact unless key support levels are breached.
  • Strategies vary: Buy Nifty Futures on dips around 25,400, Sell Nifty Futures around 25,550, or Buy Nifty Futures above 25,530.

More like this

Loading more articles...