Market Forecast: Will Supreme Court's Tariff Ruling Propel Nifty to 25,900-26,000 and Bank Nifty to a Record High?
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Supreme Court Tariff Ruling: Nifty to 25,900, Bank Nifty Record High?
M
Moneycontrol•23-02-2026, 02:54
Supreme Court Tariff Ruling: Nifty to 25,900, Bank Nifty Record High?
•Nifty 50 reclaimed its 20-day SMA and Bank Nifty outperformed on February 20, with bulls gaining strength after the Supreme Court ruled against Trump’s tariffs.
•Nifty 50 is expected to target 25,900-26,000, with crucial support at 25,500-25,400.
•Bank Nifty may move towards 61,800, with potential for 62,000-63,000, while support is seen at 60,800.
•Experts suggest Nifty 50 has defended 25,400 and a decisive breakout above 25,900 could lead to all-time highs.
•Bank Nifty shows a clear range breakout on the weekly chart, with immediate resistance at 61,750, indicating strong bullish momentum.
