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Pradeep Carpenter

18th Feb · SEBI-Registered Analyst

Morning Market View

Nifty Outlook Nifty has shown strong follow-through buying in the last few sessions and formed a solid base around 25500–25600. This zone now acts as a short-term demand area. Resistance: 25850 Breakout Level: Above 25850, short covering may push the index towards 26000. Support: 25600 Strong Support: 25450 Trend remains positive as long as 25450 holds on a closing basis. Strategy remains buy-on-dips while respecting support zones. Bank Nifty Outlook Bank Nifty is trading at fresh all-time highs, indicating strong institutional participation and sectoral leadership. Support Levels: 60700 and 60400 Traders should keep 60700 (spot) as a strict stop loss for long positions. As long as the index sustains above 60700, bullish momentum is likely to continue. Buzzing Stocks

ETERNAL
expanded collaboration with OpenAI to strengthen AI capabilities. Impact: Positive Bharat Heavy Electricals Limited (BHEL) received LoA from Steel Authority of India Limited (SAIL). Impact: Positive
BHEL
ENGINERSIN
Limited board to consider interim dividend on Feb 26. Impact: Neutral to Mildly Negative (possible profit booking) Stylam Industries Limited saw stake buy by Aica Kogyo Co Ltd. Impact: Neutral to Positive Yatra Online Inc promoter offloaded shares. Impact: Negative Strategy Bias remains bullish. Buy Nifty on dips above 25600 and look for breakout above 25850. Maintain long bias in Bank Nifty above 60700 with strict risk control.

#Pre-OpeningCommentary#EquityResearch#StockInNews#Today’sTradingSetup#TechnicalViews
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