Chanakya Morning Market View – Global Strength Signals Positive Start
🕗 Last Update: 26 February 2026, 8.00 AM
Indian equities are expected to begin the session on a constructive note, with GIFT Nifty hovering near the 25,645 zone, indicating a stable-to-positive opening bias. Global cues remain supportive as investors assess overnight strength in US markets and firm trends across Asia. Currency movement, crude oil trajectory and broader commodity prices will continue to dictate intraday sentiment and sectoral rotation.
Global Cues – Strength Building in Background
Asian equities traded higher, mirroring the technology-driven momentum from Wall Street. Japan’s Nikkei scaled fresh record territory while gains in South Korea and Australia reflected sustained risk appetite across the region.
US markets ended firmly higher on February 25, led by strong participation across indices. The S&P 500, Nasdaq Composite and Dow Jones all posted healthy gains, reinforcing bullish global sentiment.
A major trigger came from Nvidia’s strong Q4 performance, where data centre revenue surged sharply, highlighting continued AI-driven capital expenditure and global tech optimism. Such developments often influence IT, semiconductor-linked and broader growth-oriented stocks in Indian markets.
Chanakya Technical Trend Glimpse (Nifty Outlook)
Nifty closed near 25,482.50 and continues to maintain a broader bullish structure despite recent consolidation. All three trend indicators — short, medium and long term — remain positive, suggesting underlying strength is intact.
The index is currently trading slightly below key short-term averages like the 20D and 34D SMAs, signalling a phase of sideways consolidation rather than trend reversal. The 200D SMA near 25,341 remains a strong positional support zone.
Momentum indicators show mixed signals. RSI around 46.77 indicates neutral positioning, while stochastic readings near oversold territory hint at the possibility of a technical rebound if buying emerges. MACD remains negative but is stabilising, suggesting selling pressure may be losing intensity.
Bollinger Bands indicate the market is hovering near the mid-band, reflecting range-bound movement between 25,050 and 26,150 levels. Low ADX readings confirm absence of a strong trending move, reinforcing the consolidation narrative.
For the next session, the pivot zone near 25,521 will act as the immediate decision point. Sustained trade above 25,614–25,745 may trigger fresh upside momentum toward 25,969 and higher levels, while failure to hold 25,389 could push the index toward deeper supports near 25,072.
Overall structure remains bullish with intermittent volatility, suggesting selective stock-specific action rather than broad index breakout.
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Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy
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A combination of RSI, MACD, and support-resistance levels work best for Nifty. RSI shows momentum, while MACD helps confirm trend reversals or continuation.
Support and resistance levels are derived from previous highs and lows, Fibonacci levels, and price-action zones. These help in setting entry and exit points.
During high volatility, Nifty can offer strong intraday moves but carries higher risk. Use tighter stop-losses and smaller positions to manage risk effectively.
An RSI between 40 and 60 often indicates a good zone to accumulate if other indicators support the trend. RSI above 70 could mean overbought, while below 30 is oversold
MACD helps identify trend strength. A bullish crossover (MACD line above signal line) suggests upward momentum, while a bearish crossover may indicate a possible decline.
Yes, many traders use pure technical analysis for Nifty. However, combining it with macroeconomic news, global market trends, and FII/DII activity gives better accuracy.