Nifty Outlook: Nifty needs to sustain above 25800 for upward momentum

M
Moneycontrol•23-02-2026, 20:18
Nifty Outlook: Nifty needs to sustain above 25800 for upward momentum
- •Nifty gained for the second day but faced resistance near its 50-day moving average (25,740), closing at 25,713.
- •US Supreme Court's rejection of Trump's tariffs boosted the market, but Nifty failed to hold higher levels.
- •IDFC First Bank shares plunged over 16% due to a Rs 590 crore fraud disclosure in its Chandigarh branch.
- •Experts emphasize Nifty sustaining above 25,800 for a rally towards 26,000, with 25,570 as key support.
- •Market volatility is expected to increase as the February monthly F&O expiry approaches.
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