Nifty Technical Analysis by Nagaraj Shetti
Senior Technical Research Analyst, HDFC Securities
🕗 Last Updated: 25 February 2026, 6.00 AM
🔔 Nifty Market Update – 26 February 2026
After showing sharp weakness on Tuesday, Nifty was managed to show minor bounce back from the supports amidst volatility on Wednesday and closed the day higher by 57 points. Nifty opened on a positive note and moved up further in the early part of the session. It failed to sustain the gains in the mid-later part and closed the day off the highs.
A small red candle has been formed on the daily chart with long upper shadow. This signals a formation of inside day bar type candle pattern, but this market action reflects a lack of strength in the bounce back.
The bearish descending triangle pattern is unfolding and the series of lower highs after bouncing back from the lower support signals sell on rise opportunity in the market ahead. The crucial overhead resistance to be watched around 25700-25800 levels. Immediate support is placed at 25400-25350.
👉 GMP | Reviews | Subscription | Allotment
| News Crux |
👉 Power Calls | Breakout Stocks | Coffee Can Portfolio |
Quicklinks
stocks-to-buy-nagaraj-shetti-recommends
Stock recommendations by Nagaraj Shetti
Stock Recommendations by Nagaraj Shetti (HDFC Securities)
Senior Technical Analyst Nagaraj Shetti has identified a select group of stocks showing strong chart setups and momentum for short-term traders.
According to him, the near-term market structure remains supportive for selective long positions, especially in scrips showing breakouts above key resistance levels and higher-high formations on the daily chart.
Shetti recommends traders focus on stocks with rising volumes and bullish crossover patterns on the short- and medium-term moving averages.
He advises maintaining strict stop-loss levels and booking partial profits near resistance bands.
These recommendations are part of his latest weekly outlook published in Chanakya Ni Pothi, providing guidance on potential outperformers for the coming sessions.