Technical Analysis for February 18, 2026.

Technical Analysis for 18th Feb 2026 

Nifty Predictions, Bank Nifty Predictions & Sensex Predictions

The Indian Stock Market witnessed a remarkable recovery on February 17, 2026, with both Nifty and Bank Nifty displaying strong bullish momentum after sustaining crucial support levels. Technical Analysis suggests that the market is poised for a decisive move on February 18, 2026, as key resistance zones come into play while derivative data indicates mixed sentiment among traders.

Global Market & Sentiment Overview

Global cues played a pivotal role in shaping the Indian Stock Market sentiment on February 17, 2026. The US markets showed resilience ahead of crucial economic data releases, while Asian markets traded with cautious optimism, providing a stable backdrop for domestic indices. The Dollar Index remained relatively stable, reducing volatility concerns for emerging markets like India.

Crude oil prices continued to hover in the moderate range, alleviating inflationary pressures and supporting sentiment across energy-dependent sectors. The positive global environment, combined with value buying at lower levels, helped domestic indices recover sharply from their intraday lows. FII and DII activity showed net buying in select banking and IT stocks, contributing to the overall market buoyancy.

The Technical Analysis for the day suggested that global stability would be crucial for sustaining the recovery momentum witnessed in the Indian Stock Market. Traders remained cautious yet optimistic about the Market Prediction for 18th February 2026, as technical indicators showed improving breadth across major indices.​

Nifty Technical Analysis

Nifty closed at 25,725.40 on February 17, 2026, gaining 42.65 points and forming a bullish engulfing candle pattern on the daily chart. This Nifty Technical Analysis reveals that the index successfully defended the critical 25,400-25,500 support zone and bounced back sharply, indicating strong demand at lower levels.

Support & Resistance Levels for Nifty

The Technical Analysis of Nifty identifies multiple crucial levels for 18th February 2026 trading:

Immediate Support Levels:

• 25,640 – 25,700: Critical short-term support zone that must hold to maintain bullish structure
• 25,570 – 25,500: Strong secondary support where significant buying interest is expected​
• 25,400 – 25,350: Major support level that protected the index from deeper corrections​

Key Resistance Levels:

• 25,800 – 25,850: Immediate hurdle that needs to be crossed for continued upside​
• 26,000 – 26,100: Strong psychological and technical resistance zone
• 26,300 – 26,500: Major resistance where profit booking may intensify​

Derivative Data & OI Analysis

The derivative data for Nifty shows significant Call writing at 26,000 strike, indicating strong resistance, while Put writing concentration at 25,500 suggests solid support. The Put-Call Ratio (PCR) improved slightly but remains below neutral levels, suggesting cautious optimism among option traders. Open Interest data reveals that fresh long buildup occurred during the recovery, supporting the bullish case for Nifty Predictions.​

Tomorrow's Nifty Predictions

For 18th February 2026, the Nifty Predictions suggest a moderately positive opening with expected consolidation between 25,700-26,000 range. The Technical Analysis indicates that a decisive close above 26,000 could trigger further upside toward 26,300 levels, while failure to hold 25,700 may lead to retracement toward 25,500-25,400 zone. The trend structure remains cautiously bullish as long as Nifty sustains above 25,500 on a closing basis.

Bank Nifty Technical Analysis

Bank Nifty demonstrated exceptional strength on February 17, 2026, gaining 224 points and outperforming the broader Nifty index significantly. The index recovered sharply from its intraday low of 59,800 to close near 60,600 levels, exhibiting a powerful 1,200-point intraday recovery that underscores strong buying interest in banking stocks.​​

Support & Resistance Levels for Bank Nifty

The Bank Nifty Technical Analysis highlights critical levels for trading on 18th February 2026:​

Immediate Support Levels:

• 60,370 – 60,200: Short-term support zone crucial for maintaining upward momentum​
• 60,000 – 59,800: Strong psychological and technical support where aggressive buying emerged​​
• 59,500 – 59,200: Major support zone that offers substantial downside protection​

Key Resistance Levels:

• 60,640 – 60,870: Immediate resistance that needs to be breached for further gains​
• 61,000 – 61,200: Strong supply zone where profit booking may intensify
• 61,500 – 61,800: Major resistance representing significant overhead supply​

Option Data Interpretation

Bank Nifty option chain analysis reveals heavy Call writing at 61,000 strike, creating a formidable resistance barrier, while significant Put writing at 60,000 indicates strong support. The derivative data suggests that market participants expect Bank Nifty to consolidate within the 60,000-61,000 range before attempting a breakout. The Technical Analysis of open interest changes shows net long buildup, supporting bullish Bank Nifty Predictions for the near term.​

Tomorrow's Bank Nifty Predictions

For 18th February 2026, Bank Nifty Predictions suggest a flat to positive opening with expected range-bound movement initially. The Technical Analysis indicates that sustained trading above 60,600 could propel the index toward 60,870-61,070 levels, while a break below 60,370 may trigger profit booking toward 60,000-59,800 zone. Private sector banking stocks are expected to lead the recovery, while PSU banks may witness selective buying interest.​

Sensex Technical Analysis

Sensex displayed impressive resilience on February 17, 2026, recovering from an opening gap-down to close at 83,450.96 with a gain of 173.81 points. The 30-share index formed a bullish reversal candle after testing the crucial 82,300-82,500 support zone, indicating strong accumulation by institutional investors.

Support & Resistance Levels for Sensex

The Sensex Technical Analysis identifies key levels for Market Analysis for Tomorrow:​

Critical Support Levels:

• 83,100 – 82,900: Immediate support zone that protected the index from deeper losses​
• 82,600 – 82,300: Strong secondary support where significant buying emerged
• 82,000 – 81,800: Major support representing substantial downside protection​

Key Resistance Levels:

• 83,600 – 83,800: Immediate hurdle that needs to be crossed for continued rally
• 84,000 – 84,300: Strong psychological resistance zone
• 84,500 – 84,800: Major resistance where supply may increase

Momentum Structure

Technical indicators for Sensex show improving momentum, with RSI moving toward neutral territory from oversold zones. The MACD indicator is showing early signs of positive divergence, suggesting potential trend reversal. Moving averages reveal that Sensex is trading below its short-term averages, creating resistance overhead, but the price action indicates strong support from institutional buying.​

Tomorrow's Sensex Predictions

The Sensex Predictions for 18th February 2026 suggest a cautiously optimistic outlook with expected consolidation between 83,000-84,000 range. The Technical Analysis indicates that heavyweight stocks like ICICI Bank, HDFC Bank, and Reliance Industries will play crucial roles in determining the index direction. A decisive close above 84,000 could trigger fresh buying toward 84,500 levels, while failure to hold 83,000 may result in retracement toward 82,600-82,300 support zone.

Market Analysis for Tomorrow (18th Feb 2026)

The comprehensive Technical Analysis for 18th February 2026 suggests a phase of consolidation with potential for upside breakout if key resistance levels are breached. The Indian Stock Market exhibits mixed technical signals, with short-term indicators showing improvement while medium-term indicators remain cautious.

Bullish Scenario

If Nifty opens above 25,750 and sustains throughout the session, the bullish case strengthens significantly:

• Entry Zone: 25,750 – 25,800 for long positions
• Target 1: 25,900 (quick scalping target)
• Target 2: 26,000 (psychological resistance)
• Target 3: 26,200 – 26,300 (extended target)
• Stop Loss: 25,650 (strict adherence required)

For Bank Nifty in the bullish scenario:

• Entry Zone: 60,650 – 60,700
• Target 1: 60,870
• Target 2: 61,070
• Target 3: 61,300
• Stop Loss: 60,350

The bullish setup for Sensex suggests:

• Entry Zone: 83,500 – 83,600
• Target 1: 83,900
• Target 2: 84,200
• Target 3: 84,500
• Stop Loss: 83,100

Bearish Scenario

If indices fail to sustain opening gains and break below critical support levels:

For Nifty in the bearish scenario:

• Entry Zone: 25,650 – 25,600 for short positions
• Target 1: 25,500
• Target 2: 25,400
• Target 3: 25,250
• Stop Loss: 25,800

For Bank Nifty in the bearish scenario:

• Entry Zone: 60,350 – 60,250
• Target 1: 60,000
• Target 2: 59,800
• Target 3: 59,500
• Stop Loss: 60,700

The bearish setup for Sensex indicates:

• Entry Zone: 83,100 – 82,950
• Target 1: 82,600
• Target 2: 82,300
• Target 3: 82,000
• Stop Loss: 83,500

Breakout Levels

The critical breakout levels for confirming bullish momentum on 18th February 2026:

• Nifty: Decisive close above 26,000 with strong volumes
• Bank Nifty: Sustained trading above 60,870 for 30 minutes​
• Sensex: Break and hold above 84,000 with institutional support

Breakdown Levels

The key breakdown levels that could trigger further selling pressure:

• Nifty: Close below 25,500 on increased volumes
• Bank Nifty: Hourly close below 60,000​
• Sensex: Breakdown below 82,600 with weak global cues

Option Matrix India's View

Based on comprehensive Technical Analysis and derivative data assessment, Option Matrix India maintains a cautiously bullish outlook for 18th February 2026 trading session. The Market Prediction suggests that the Indian Stock Market has successfully defended critical support zones and is positioned for potential upside breakout, provided global cues remain supportive.

Directional Bias

Our Technical Analysis indicates a neutral to mildly bullish bias for Nifty, with the index expected to consolidate between 25,700-26,000 range before attempting a decisive move. Bank Nifty shows relatively stronger momentum compared to Nifty, making it the preferred index for intraday trading opportunities. Sensex is expected to follow Nifty's trajectory with stock-specific action dominating the session.

Risk Management Advice

For effective Market Analysis for Tomorrow and successful trading execution:

1. Position Sizing: Limit individual trade exposure to 2-3% of total capital
2. Stop Loss Discipline: Maintain strict stop losses as volatility may increase near resistance zones
3. Time-Based Exits: Consider booking partial profits at first target levels
4. Avoid Over-Trading: Focus on quality setups rather than quantity of trades
5. Monitor Global Cues: Keep track of US market movements and Asian session trends

Ideal Strategy (CE/PE Side Suggestion)

For 18th February 2026, our Technical Analysis suggests the following option strategies:

For Conservative Traders: Consider Buy Call options at 25,800 strike (Nifty) and 60,700 strike (Bank Nifty) only if indices sustain above 25,750 and 60,600 respectively in the first hour of trading. This provides favorable risk-reward with limited downside exposure.

For Aggressive Traders: Sell Put options at 25,600 strike (Nifty) and 60,200 strike (Bank Nifty) if indices show strength in the opening session, as these strikes have strong support from derivative data. However, maintain strict stop losses at 25,550 and 60,000 respectively.

For Range-Bound Traders: Consider Iron Condor strategy with Nifty range of 25,500-26,100 and Bank Nifty range of 59,800-61,200, as Technical Analysis suggests consolidation before the next trending move.

The Market Prediction from Option Matrix India emphasizes that the risk-reward currently favors buying on dips strategy near strong support levels rather than chasing breakouts at resistance zones. Traders should focus on CE (Call options) buying near 25,700-25,650 levels for Nifty and 60,300-60,200 levels for Bank Nifty, with strict stop losses.

Final Verdict for 18th Feb 2026

The Technical Analysis for 18th February 2026 presents a cautiously optimistic outlook for the Indian Stock Market, with Nifty Predictions suggesting consolidation between 25,700-26,000, Bank Nifty Predictions indicating 60,200-61,000 range, and Sensex Predictions pointing toward 83,000-84,000 zone. The key to successful trading lies in monitoring the opening momentum and sustenance of critical support levels.

The Market Analysis for Tomorrow favors a buy-on-dips approach with strict risk management, as derivative data shows improving sentiment but not yet overwhelming bullishness. Traders should focus on stock-specific opportunities in banking, IT, and select PSU stocks while maintaining discipline with stop losses. The Technical Analysis suggests that any decisive break of key resistance levels could trigger sharp momentum moves, making 18th February 2026 a potentially crucial day for short-term trend determination in the Indian Stock Market.

Disclaimer

This article is for educational purposes only. Please consult your financial advisor before taking any trade in the Indian Stock Market. Option Matrix India does not guarantee any profits or returns from the strategies and Technical Analysis discussed in this article. All Nifty Predictions, Bank Nifty Predictions, and Sensex Predictions are based on technical parameters and derivative data, which are subject to change based on market conditions. Trading and investing in the Indian Stock Market involves substantial risk of loss. Past performance is not indicative of future results. The Market Prediction and Market Analysis for Tomorrow provided here should not be considered as investment advice. Readers are advised to conduct their own research and due diligence before making any trading or investment decisions.