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Below the Quote on Closing Market Summary from Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited

Indian equity markets ended higher on February 23, 2026, with benchmarks posting clear gains despite intraday fluctuations. The Sensex climbed 479.95 points, or 0.58%, to close at 83,294.66, while the Nifty 50 rose 141.75 points, or 0.55%, to finish at 25,713. The Bank Nifty also recorded a modest advance, adding 92.25 points (0.15%) to settle at 61,264.25.

The Nifty 50 opened with a 100-point gap-up, signaling strong bullish sentiment, and extended its rally to an intraday high of 25,771.45. A mid-session pullback to 25,609, driven by profit booking, was followed by a 119-point recovery, leading to a close at 25,713 with 141-point gains, reflecting sustained buying interest. Resistance stands at 25,850–25,900, support at 25,550–25,600, while the RSI at 51.54 indicates a neutral-to-positive momentum bias.

Bank Nifty opened flat and extended its bullish move to an intraday high of 61,517, before witnessing a 480-point correction, indicating profit booking at higher levels. After a phase of sideways consolidation, the index recovered and closed at 61,264.25, posting a marginal gain of 92.25 points, reflecting underlying strength and buying support. Resistance lies at 61,500–61,600, support at 60,900–61,000, with RSI at 59.63 showing positive momentum.

Market volatility eased as India VIX slipped 1.36% to 14.16, pointing to a calmer market environment and improving investor confidence. In the derivatives segment, significant put writing at the 25,700 strike, along with aggressive call writing at 25,750 and 25,800, defines a short-term consolidation range. Price action reflects a bullish bias within a consolidation phase, supporting a measured positive near-term outlook and favoring buying on pullbacks while major support zones are respected.

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