Market Prediction for February 20, 2026
Technical Analysis for 20th Feb. Nifty, Bank Nifty & Sensex Prediction.
Today’s Indian Stock Market session was all about levels—where price accepted, where it rejected, and where traders got forced to adjust positions into the next trading day. This is exactly why daily Technical Analysis matters: it keeps you anchored to price action and prevents emotional entries after a fast move.
Global Market & Sentiment Overview
Global cues often decide whether India opens with a gap and whether that gap holds or fades. So before we jump into Nifty Technical Analysis, we look at broad risk sentiment—US markets, Asian markets, and pre-market India indicators.
US market movement
From the available index snapshot, US markets were positive in the latest read, with S&P 500 shown higher (Feb 19 snapshot).
A stronger US close usually improves risk appetite, but the Indian Stock Market still needs confirmation via opening range and the first hour structure.
Asian market trend
Asian cues in the same snapshot showed green across multiple indices like Nikkei 225 and Hang Seng (Feb 19 snapshot).
When Asia is supportive, intraday dips in Nifty/Bank Nifty often attract buyers faster—unless India-specific triggers override.
Crude Oil & Dollar Index impact
Keep an eye on crude oil and the Dollar Index (DXY) because both can influence FIIs, INR sentiment, and risk-on/risk-off behavior. In daily Technical Analysis, you don’t need to forecast crude/DXY—just note whether they are pressuring inflation expectations or strengthening the dollar, which can affect flows.
Nifty Technical Analysis
Nifty Technical Analysis is not just “support below and resistance above.” It’s the story of acceptance and rejection: where the market found value, and where it refused to trade.
Daily candle pattern (price action reading)
For tomorrow’s planning, focus on these candle questions (this is the core of practical Technical Analysis):
- Did Nifty close near the day’s high (buyer control) or near the low (seller control)?
- Was the candle a trend candle (strong body) or an indecision candle (wicks both sides)?
- Did the session reclaim a prior breakdown level or lose a prior breakdown retest?
Nifty support & resistance levels (reference levels)
Using the available daily reference levels, Nifty’s Fibonacci/pivot-style zones cluster around these numbers: Pivot near 25,764.18, resistances near 25,834.05 / 25,877.22 / 25,947.08, and supports near 25,694.32 / 25,651.15 / 25,581.28.
Nifty Key Levels for 20th Feb 2026
- Resistance 3: 25,947
- Resistance 2: 25,877
- Resistance 1: 25,834
- Pivot/Decision Zone: 25,764
- Support 1: 25,694
- Support 2: 25,651
- Support 3: 25,581
How to use these in Technical Analysis (practical):
- Above the pivot and sustaining: bias improves for long trades on dips.
- Below the pivot and failing on retest: bias shifts to sell-on-rise.
- Big breakout only becomes “real” if price holds above R1 and accepts (5–15 min structure + volume confirmation).
In Nifty Technical Analysis, trend direction for “tomorrow” is decided by just two things:
- Where price opens relative to the pivot zone (25,764).
- Whether the first pullback holds above support (25,694–25,651 band) or breaks below and fails to reclaim.
Tomorrow’s Nifty Prediction (scenario-based)
Bullish Nifty Predictions
- If Nifty holds above 25,764 and forms higher lows on intraday charts, bulls can aim for 25,834 first and then 25,877.
- Break-and-hold above 25,834 increases probability of a push toward 25,877–25,947 (only if rejection wicks reduce on retests).
Bearish Nifty Predictions
- If Nifty trades below 25,764 and fails to reclaim on pullback, expect pressure toward 25,694 and 25,651.
- A clean break below 25,651 opens the door for 25,581, especially if PE unwinding + CE writing rises (paste that confirmation from the video).
Bank Nifty Technical Analysis
Bank Nifty Technical Analysis needs extra respect because it moves faster, reacts sharply to heavyweights, and can flip intraday sentiment quickly. So we’ll keep the levels tight and the plan rule-based.
Price action explanation
Start with structure:
- Is Bank Nifty making higher highs/higher lows (bullish structure) or lower highs/lower lows (bearish structure)?
- Did it close above a key intraday supply zone, or did it reject from it?
- Was there trend continuation or a reversal attempt?
Key levels (reference pivots)
Bank Nifty’s classic pivot levels from the available technical table show a pivot near 56,059.38, with resistance levels at 56,114.36 / 56,171.28 / 56,226.26 and supports at 56,002.46 / 55,947.48 / 55,890.56.
Bank Nifty Support & Resistance
- Resistance 3: 56,226
- Resistance 2: 56,171
- Resistance 1: 56,114
- Pivot/Decision Zone: 56,059
- Support 1: 56,002
- Support 2: 55,947
- Support 3: 55,890
If you also want to add a quick “what moved today” derivative clue, NSE’s derivatives quote snapshot shows large percentage changes in several Bank Nifty call options in that feed (example: 61200 CE, 61500 CE, etc.).
Tomorrow’s Bank Nifty Prediction
Bullish Bank Nifty Predictions
- Above 56,059 pivot, if dips hold 56,002 and reclaim quickly, bulls can target 56,114 then 56,171.
- If price sustains above 56,114 and pullbacks don’t fall back under pivot, the probability improves for 56,226.
Bearish Bank Nifty Predictions
- Below 56,059 pivot, if pullbacks fail and sellers defend 56,114 as supply, expect drift toward 56,002 then 55,947.
- A decisive break under 55,947 increases odds of testing 55,890, especially if the video shows PE unwinding + CE writing at/near ATM.
Momentum structure
Use these quick checks in your Technical Analysis:
- If Sensex is holding above its pivot and making higher lows, tomorrow’s Market Prediction remains constructive.
- If Sensex is below pivot and rallies are getting sold with long upper wicks, expect a sell-on-rise environment.
- If the video mentions sector drivers (banks, IT, energy) impacting Sensex, paste it here:
Tomorrow’s Sensex Prediction
Bullish Sensex Predictions
- Above pivot + higher low formation = buy-on-dips bias (only with strict stop below swing low).
Bearish Sensex Predictions
- Below pivot + failed retest = sell-on-rise bias (trail stop above intraday lower high).
Market Analysis for Tomorrow (20th Feb 2026)
This is the execution section—where Technical Analysis becomes a plan, not just a commentary. Your Market Analysis for Tomorrow should always include triggers, invalidation, and what not to do.
Bullish Setup
A bullish setup activates when:
- Nifty holds above 25,764 pivot and sustains above 25,834 on retest strength.
- Bank Nifty holds above 56,059 pivot and converts 56,114 into support.
Bullish trade plan (index futures / options view)
- Prefer trades after a pullback (not at breakout candle top).
- Stop-loss logic: below pivot or below the pullback low (whichever is tighter and logical).
- Targets: move from R1 to R2 first; trail toward R3 only if momentum stays clean.
What to avoid (bullish day)
- Don’t buy breakouts if price instantly returns below pivot; that’s often a trap move in range markets.
- Don’t average losers; keep the invalidation level sacred.
Bearish Setup
A bearish setup activates when:
- Nifty fails to hold 25,764 and breakdown sustains below 25,694/25,651.
- Bank Nifty stays below 56,059 and cannot reclaim it on pullback; further weakness below 56,002 confirms pressure.
Bearish trade plan
- Prefer “breakdown + pullback fail” entries rather than first red candle.
- Stop-loss logic: above breakdown-retest swing high.
- Targets: toward S1 then S2; deeper target S3 only if momentum accelerates.
Breakout levels (clean triggers)
- Nifty breakout zone: Above 25,834 with acceptance; next zones 25,877 and 25,947.
- Bank Nifty breakout zone: Above 56,114 with acceptance; next zones 56,171 and 56,226.
- Sensex breakout zone: FROM VIDEO: [Insert]
Breakdown levels (clean triggers)
- Nifty breakdown zone: Below 25,694–25,651; deeper level 25,581.
- Bank Nifty breakdown zone: Below 56,002 then 55,947; deeper level 55,890.
- Sensex breakdown zone: FROM VIDEO: [Insert]
Option Matrix India’s View
Option Matrix India’s View for 20th Feb 2026 is simple: trade the reaction at pivots, respect writer zones, and don’t force direction when the market is in “fake breakout” mode.
Clear directional bias (conditional, not emotional)
- Bias turns bullish only if Nifty accepts above 25,764 and holds pullbacks, with strength above 25,834.
- Bias turns bearish if Nifty stays below 25,764 and fails retests, with weakness below 25,694–25,651.
- For Bank Nifty, use 56,059 as the decision pivot—above it, buy dips; below it, sell rises.
Risk management advice (non-negotiable)
Good Technical Analysis without risk management becomes gambling. Use these rules:
- Risk per trade: cap it (example framework: 0.5%–1% of trading capital).
- One invalidation level only: don’t widen stops “hoping” the market comes back.
- If the first 30–45 minutes are choppy, reduce size and wait for structure.
Ideal strategy (CE/PE side suggestion)
CE-side preference (only if bullish confirmation happens)
- Prefer ATM/ITM calls after Nifty holds above pivot and reclaims R1 with acceptance.
- In Bank Nifty, prefer CE only after reclaiming 56,059 and sustaining above 56,114.
PE-side preference (only if bearish confirmation happens)
- Prefer ATM/ITM puts if Nifty rejects pivot and breaks below S1/S2 with continuation.
- In Bank Nifty, prefer PE if pivot fails and price sustains below 56,002/55,947.
Final Verdict for 18th Feb 2026 (Use as “Final Verdict” block)
For the next session, the Market Prediction stays level-driven, not headline-driven: Nifty’s decision zone is 25,764, and Bank Nifty’s decision zone is 56,059.
Above these pivots, the probability favours buy-on-dips and upside targets toward the listed resistances; below these pivots, the probability favours sell-on-rise and downside targets toward the listed supports.
Sensex traders should align their trades with the exact support and resistance from the video before executing (paste those levels in Section 5).
Disclaimer
This article is for educational purposes only. Please consult your financial advisor before taking any trade in the Indian Stock Market. Trading in equities, futures, and options involves risk, and losses can exceed expectations—use strict stop-loss and position sizing.