Technical Analysis for 23rd February 2026 –
Nifty Predictions, Bank Nifty Predictions & Sensex Predictions
Today, 20th February 2026, the Indian Stock Market closed with a positive bias across Nifty 50, Bank Nifty and Sensex.
This Technical Analysis is prepared for the trading session of 23rd February 2026, using today’s closing data and clearly defined support and resistance levels to build Nifty Predictions, Bank Nifty Predictions and Sensex Predictions for tomorrow’s market.
All levels are derived from recent price action and are meant to support disciplined trading in the Indian Stock Market, not guarantee returns .
Key Observations of Today’s Market Closing
Nifty 50 closed at 25,571.25 after opening at 25,406.55, making a high of 25,662.20 and a low of 25,381.45, forming a mildly bullish candle with a close above the open.
Over the last five sessions, Nifty traded roughly between 25,370 and 25,880, indicating a broad sideways range with intraday volatility but no major trend breakdown.
Bank Nifty closed at 61,172.00 after opening at 60,627.85, with a high of 61,358.40 and a low of 60,574.20, printing a clear bullish candle as buyers defended lower levels.
Across the previous few sessions, Bank Nifty has oscillated in the wider 59,950 to 61,660 zone, suggesting range-bound action with strong buying on dips.
Sensex ended at 82,790.69 after opening at 82,272.49, hitting a high of 83,130.37 and a low of 82,228.96, again forming a positive candle with a higher close.
On a five-day view, Sensex has been moving broadly between 82,230 and 83,970, showing a consolidating but still elevated market structure.
Support & Resistance Levels
Below are the key support and resistance levels that will guide our Market Analysis for Tomorrow and our Market Prediction for 23rd February 2026.
Nifty 50 – Key Levels
- Major no-trade zone: 25,530 to 25,665 (avoid fresh trades inside this band to reduce whipsaw risk).
- Supports: 25,530, 25,470, 25,400, 25,380, 25,280.
- Resistances: 25,665, 25,737, 25,828, 25,887.
Bank Nifty – Key Levels
- Major no-trade zone: 60,956 to 61,362.
- Supports: 60,956, 61,000, 60,600, 60,200, 59,950.
- Resistances: 61,362, 61,600, 62,000, 62,400.
Sensex – Key Levels
- Major no-trade zone: 82,698 to 83,142.
- Supports: 82,698, 82,700, 82,190, 81,798, 81,446.
- Resistances: 83,142, 83,150, 83,600, 83,980, 84,330.
These support and resistance levels will act as reference points for Nifty Technical Analysis, Bank Nifty Technical Analysis and Sensex Technical Analysis in the sections below.
Nifty Predictions – Technical Analysis for Tomorrow
For Nifty 50, our primary no-trading zone for 23rd February 2026 is between 25,530 and 25,665.
Traders are advised to avoid initiating fresh positions inside this range and instead wait for a clear 15-minute candle breakout or breakdown for better reward-to-risk.
On your TradingView or preferred charting platform, load the Nifty 50 15-minute chart and mark horizontal levels at 25,530, 25,665, 25,737, 25,828, 25,887, 25,470, 25,400 and 25,280.
This will visually highlight the intraday Support and Resistance Levels and help align your Nifty Predictions with actual price action on the 15m chart.
Bullish Scenario – Upside Strategy
- Condition: A 15-minute candle closes above 25,665 with body confirmation (not just a spike).
- Targets:
- 1st target: 25,737
- 2nd target: 25,828
- 3rd target: 25,887
- View: Above 25,665, Nifty shifts into a bullish zone and can extend higher as long as intraday pullbacks hold above the breakout area.
Failed Breakout – Short Setup from Resistance
- Condition: Price crosses above 25,665 intraday but the 15-minute candle closes back below 25,665.
- Direction: Short bias with rejection from resistance.
- Targets:
- 1st target: 25,530
- 2nd target: 25,400
- View: This pattern shows rejection at the higher band of the no-trade zone and opens room for a controlled downside move towards the lower supports.
Bearish Scenario – Downside Strategy
- Condition: A 15-minute candle closes below 25,530 with clear selling pressure.
- Downside targets:
- 1st target: 25,470
- 2nd target: 25,380
- 3rd target: 25,280
- View: Below 25,530, the short-term structure turns weak, and selling towards lower supports becomes likely if intraday bounces fail.
Pullback Longs from Support
- Condition: Price crosses below 25,530 intraday but the 15-minute candle closes back above 25,530.
- Direction: Buy-on-dip opportunity from support.
- Upside targets:
- 1st target: 25,600
- 2nd target: 25,665
- View: This signals a bear trap near support, with scope for a bounce back to the upper end of the no-trading zone.
These Nifty Predictions are purely technical and suitable for intraday and very short-term traders focusing on Market Analysis for Tomorrow and strict level-based trading.
Bank Nifty Predictions – Technical Analysis
For Bank Nifty, the no-trading zone for 23rd February 2026 is between 60,956 and 61,362.
Inside this band, price can fluctuate without directional clarity; hence, fresh positions are better taken only after a 15-minute candle gives a decisive close outside this range.
On the Bank Nifty 15-minute chart, plot horizontal lines at 60,956, 61,362, 61,600, 62,000, 62,400, 61,000, 60,600 and 60,200.
This will allow you to visually track intraday breakouts and breakdowns in line with our Bank Nifty Predictions and Support and Resistance Levels.
Bullish Breakout – Long Setup
- Condition: A 15-minute candle closes above 61,362 with strength and follow-through.
- Upside targets:
- 1st target: 61,600
- 2nd target: 62,000
- 3rd target: 62,400
- View: A sustained close above 61,362 indicates that bulls have taken control, opening the door for a trending move towards higher resistance levels.
Failed Breakout – Short from Resistance
- Condition: Price crosses 61,362 intraday, but the 15-minute candle closes back below 61,362.
- Direction: Short bias from the upper band of the range.
- Downside targets:
- 1st target: 61,000
- 2nd target: 60,600
- View: This pattern suggests supply at higher levels; traders can ride a corrective move back towards mid and lower supports.
Bearish Breakdown – Short Setup
- Condition: A 15-minute candle closes below 60,956 with strong selling.
- Downside targets:
- 1st target: 60,600
- 2nd target: 60,200
- 3rd target: 59,950
- View: Closing below 60,956 signals that the lower end of the range has given way, and Bank Nifty can drift towards deeper support zones.
Support Rejection – Bounce Trade
- Condition: Price crosses below 60,956 but the 15-minute candle closes back above 60,956.
- Direction: Intraday long setup from support.
- Upside targets:
- 1st target: 61,300
- 2nd target: 61,600
- View: This shows buying interest emerging near support, creating scope for a reversal towards the upper band of the previous range.
These Bank Nifty Predictions align with a technical trader’s approach to the Indian Stock Market, combining clear levels with actionable Market Prediction for the next session.
Sensex Predictions – Technical Analysis
For Sensex, the no-trading zone for 23rd February 2026 lies between 82,698 and 83,142.
This band represents an area of congestion where price may chop, so traders should prioritize trades when Sensex moves decisively outside this zone on a 15-minute closing basis.
On your Sensex 15-minute chart, mark important levels at 82,698, 83,142, 83,150, 83,600, 83,980, 84,330, 82,190, 81,798 and 81,446.
These Support and Resistance Levels will support clear Sensex Predictions and intraday planning without cluttering the chart.
Upside Breakout – Long Bias
- Condition: A 15-minute candle closes above 83,142 with solid bullish momentum.
- Upside targets:
- 1st target: 83,600
- 2nd target: 83,980
- 3rd target: 84,330
- View: Once Sensex closes above 83,142, the index enters a bullish zone where continuation towards higher resistance levels becomes the primary scenario.
Rejection from Resistance – Short Setup
- Condition: Price crosses 83,142 intraday but the 15-minute candle closes below 83,142.
- Direction: Short bias from resistance rejection.
- Downside targets:
- 1st target: 82,700
- 2nd target: 82,550
- View: This shows failure to sustain above resistance and opens space for a corrective wave back towards support areas.
Downside Breakdown – Short Continuation
- Condition: A 15-minute candle closes below 82,698 with visible selling pressure.
- Downside targets:
- 1st target: 82,190
- 2nd target: 81,798
- 3rd target: 81,446
- View: Below 82,698, the short-term structure weakens, and Sensex can test deeper supports if intraday pullbacks are sold into.
Support-based Pullback Longs
- Condition: Price dips below 82,698 but the 15-minute candle closes back above 82,698.
- Direction: Intraday long from defended support.
- Upside targets:
- 1st target: 83,150
- 2nd target: 83,400
- View: This pattern reflects buyers absorbing supply near key support, allowing a recovery towards the upper band of the range.
These Sensex Predictions are designed to fit seamlessly into a level-based Market Analysis for Tomorrow with clearly defined entry and exit zones.
Tomorrow’s Market Prediction (February 23)
Considering today’s positive closing structure on Nifty, Bank Nifty and Sensex, the overall tone for 23rd February 2026 is cautiously bullish, but still within broader consolidation ranges.
If the indices break and sustain above their respective no-trade zones on a 15-minute closing basis, upside continuation towards higher resistance levels is favored for short-term traders.
However, if price repeatedly fails at the upper band of the no-trade zones and closes back inside or below, a corrective or sideways Market Prediction becomes more appropriate for tomorrow’s session.
Traders should therefore combine these Technical Analysis levels with intraday price action and risk management to avoid chasing moves late.
Final Verdict
The Indian Stock Market continues to trade near its higher ranges, with Nifty, Bank Nifty and Sensex all showing resilience but also signs of consolidation.
Our Nifty Predictions, Bank Nifty Predictions and Sensex Predictions for 23rd February 2026 are built around clearly marked no-trade zones, breakout levels, and precise Support and Resistance Levels to minimize noise and enhance clarity.
Sticking to 15-minute candle confirmations at key levels can significantly improve trade quality and align your Market Analysis for Tomorrow with actual price behavior.
As always, levels and scenarios should be combined with your own risk appetite, position sizing rules and trading plan.
Disclaimer
This analysis is for educational purposes only and is not investment or trading advice.
Market Prediction and Technical Analysis involve risk, and past performance or levels do not guarantee future results.
Please consult your registered financial advisor or investment professional before making any trading or investment decisions in the Indian Stock Market.