Indian Markets Weekly View (Feb 23–Feb 27, 2026) — Cautiously Bullish Sentiment
Indian Markets Weekly View for Feb 23 -Feb 27 Week: If last week was about holding nerves, this week is about taking direction. Nifty ended the week higher but stayed in a tight zone, while volatility picked up — meaning traders should expect faster swings even if the trend remains positive.
📌 Weekly Snapshot (What just happened)
Nifty 50 closed at 25,571.25
Sensex closed at 82,814.71
Weekly Nifty range: 25,372.70 – 25,885.30 (sideways-to-up)
India VIX rose sharply during the week (volatility increased)
Banking led gains; IT stayed weak (5th straight weekly drop reported)
👉 More details keep reading Indian Markets Post Market Report Today (20.02.2026)
📊 Indian Markets Weekly View Feb-23 to Feb 27: Key Index Levels (Current + Weekly Map)
✅ Nifty 50 — Key Levels
Spot reference (last close): 25,571
Weekly Supports
25,400 (near-term pivot support + active put interest zone)
25,000 (major support as highest Put OI)
24,800 (next support from Put writing)
Weekly Resistances
25,600 (heavy call writing zone)
25,800 (high Call OI cluster)
26,000 (biggest Call OI = headline resistance)
Weekly View (Nifty)
Bias stays positive above 25,400–25,500.
A clean break above 25,800 can open the door toward 26,000.
Slip below 25,000 increases risk of deeper pullback.
🏦 Bank Nifty — Key Levels
Bank Nifty close (reference): ~61,172
Key Supports (OI-based)
60,500–60,000 (largest Put OI near 60,000)
Key Resistances (OI-based)
61,000 (highest Call OI)
61,500 (next resistance)
Weekly View (Bank Nifty)
Banks were the engine last week; if Bank Nifty holds 60,000, bulls still have control.
🏛️ Sensex — Key Levels
Sensex close: 82,814.71
Weekly Levels (practical zones)
Support: 82,000 / 81,500
Resistance: 83,500 / 84,000
(These are zone-based levels mapped around the recent close + weekly trend behavior.)
🧠 Derivatives: Open Interest & Put-Call Ratio (PCR)
🔥 Nifty OI (Where the crowd is positioned)
Max Call OI: 26,000 (key resistance)
Max Put OI: 25,000 (key support)
📍 Nifty PCR (Market mood indicator)
NIFTY50 PCR: 0.88 (neutral-to-slightly cautious) 👉Upstox
PCR had dipped sharply to 0.7 on Feb 19, showing caution rising mid-week.
How to read it this week
PCR near 1 = balanced
Below ~0.8 = caution / resistance-heavy
A rise in PCR along with price holding supports can help bulls.
💰 FII & DII Overview (Last week vibe)
The month trend improved: FIIs turned net buyers in Feb with ~₹16,912 crore inflows (as per report), hinting sentiment improvement.
On the latest session reference (Feb 20): FII net -₹934.61 cr, DII net +₹2,637.15 cr — DIIs continued to provide support on dips. 👉Trendlyne.com
Weekly takeaway
If FIIs stay supportive (or even less negative) and DIIs keep buying dips, breakouts become easier.
If FIIs sell aggressively again, expect range-bound + spikes.
🏭 Sector Trend (What led, what dragged)
✅ Strong last week
PSU Banks outperformed (reported weekly gain around 5.5%).
Energy and FMCG also improved (reported).
⚠️ Weak last week
IT continued to fall (reported fifth weekly decline, ~-2.1%).
Weekly sector view (Feb 23–27)
Leaders to watch: PSU Banks, Select Energy, Defensive FMCG
Caution pocket: IT (until clear reversal signals appear)
⭐ Two “Last Week Winners” to Track This Week
1) 🏦 PSU Bank theme (sector strength continuation)
PSU banks were highlighted as weekly outperformers thanks to earnings optimism and improving banking sentiment.
Trading angle: buy-on-dips only if Bank Nifty holds 60,000.
👉For Q3 results keep reading Q3 FY26 Results: SBI, BSE, KPIT, DFPCL (Deepak Fertilizers) & Tata Steel (with CMP, Fundamentals, Technicals, Peers & Key Levels)
Cryptocurrency Guide 2026 (Part 1): What It Is, Types, Real Uses
2) ⚡ Energy pocket (select large caps)
Energy sector was among the weekly gainers. 👉Reuters
Trading angle: strength improves if crude stays stable; but if crude spikes sharply, inflation worries can hit the broader market.
(Note: This is a theme-based watchlist, not a buy recommendation.)
🧾 SEBI / Regulation Updates (Impact for traders & investors)
⚖️ SEBI OTR (Order-to-Trade Ratio) changes — why it matters
SEBI modified the OTR framework for algorithmic trading with effectiveness mentioned for April 6, 2026 in reports, aiming to fine-tune disincentives and exemptions.
Market impact (practical)
Can reduce “excessive order spam” in some option contracts.
Helps market quality over time, but short-term intraday behavior may shift as participants adjust.
🧩 Another derivatives-related SEBI circular to note
SEBI issued a circular on calendar spread margin benefit in single-stock derivatives on expiry day (Feb 5, 2026).
Impact: expiry-day risk controls get tighter/cleaner → reduces surprise margin shocks for some strategies.
🧿 IPO Updates (Feb 23–27 week)
Primary markets stay active:
Reports indicate multiple public issues next week and strong IPO pipeline interest.
Example listings/opens shown in IPO trackers include PNGS Reva Diamond Jewellery and Omitech Engineering around this week window.
IPO strategy
If you’re a beginner: focus on quality + valuation, avoid applying to every issue in a “hot” week.
For listing gains: position sizing matters; expect volatility.👉Groww
🛢️ Commodity Check (Crude, Gold, Silver)
Crude Oil (Brent)
Brent around ~$67 to 70/bbl zone.
- WTI closed on 21.02.2026 around~$62.81/bbl.
Why it matters for India
Higher crude → inflation & fiscal pressure risk → can cap equity upside if it runs too hot.
Gold / Silver
India gold rates saw sharp moves around Feb 21 in reports (high volatility).
- Gold~₹1,56,993/10g (Feb 20)
- Silver~₹2,52,042/ (Feb 20)
Market read-through
Rising gold + rising VIX often signals traders are hedging risk.
💱 Currency Update (USD/INR)
USD/INR hovered around ~90.7–91 in recent readings (week range reported).
Market impact
A stable rupee supports FII comfort.
Any sudden spike in USD/INR can pressure import-heavy sectors (oil marketing, aviation, chemicals).
🎯 Weekly Range Forecast (Feb 23–27)
Nifty 50 forecast range
Base range: 25,000 – 25,900
Bullish expansion: above 25,800, stretch to 26,000
Bearish expansion: below 25,000, risk toward 24,800
Bank Nifty forecast range
60,000 – 61,500 as the primary action zone.
🧩 Investment Ideas: Short Term vs Long Term
🕒 Short-term (1–10 trading days)
Best suited for disciplined traders:
Prefer buy-on-dips near support zones (Nifty 25,400/25,000; Bank Nifty 60,000) with strict stop-loss.
Avoid aggressive leverage because VIX is up (whipsaws likely).
🧱 Long-term (6–24 months)
For investors:
SIP/STP style accumulation in quality large caps is safer than timing breakouts.
Tilt toward themes showing earnings support (banks/quality defensives) but keep diversification because global triggers (oil/geopolitics/AI disruption fears) can create volatility.
✅ 5 Quick FAQs (Weekly View)
1) What is the sentiment for Feb 23–27 week?
Cautiously bullish, but with high volatility — expect sharp intraday swings.
2) What is the biggest resistance for Nifty this week?
26,000 based on heavy Call OI concentration.
3) What is the strongest support for Nifty this week?
25,000 based on maximum Put OI.👉Money Control
4) Why should traders watch crude oil now?
Brent has been near six-month highs, and higher oil can pressure inflation and sentiment.
5) What’s one regulatory theme traders should track?
SEBI’s updated OTR framework for algo trading (effective April 6, 2026, per reports) and other derivatives risk controls can influence liquidity/behavior.
👉Further reading
Indian Markets Weekly View (Feb 16–Feb 20, 2026)
Stock Market 101 – Lesson 18: Risk Management (Position Sizing & Stop-Losses)
India’s New Labor Codes: Why Companies Are Taking “Thousand-Crore”
Stock Market 101 – Lesson 17: Trading Psychology (Biases, FOMO, and Discipline)
📌 Disclaimer:
This weekly market view is for educational and informational purposes only. It is not investment advice, stock recommendation, or a guarantee of returns. Markets are subject to risk; please do your own research and consult a SEBI-registered financial advisor before making investment decisions.