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Trade Setup for February 17: Nifty rebounds 211 points; eyes 25,800 as bulls regain controlThe Nifty began trade 48 points lower, but quickly reversed course, rallying more than 300 points from the intraday low before settling 211 points higher at 25,682.By Meghna Sen  February 16, 2026, 7:44:25 PM IST (Published)2 Min ReadThe Nifty opened on a weak note but remained resilient in the absence of follow-through selling. After two sessions of healthy correction, the index staged a strong comeback and finished near the day's high.

The benchmark began trade 48 points lower, but quickly reversed course, rallying more than 300 points from the intraday low before settling 211 points higher at 25,682.

Power Grid, Coal India and HDFC Bank led the gains on the Nifty. In contrast, Tech Mahindra, Bajaj Finance and Maruti Suzuki ended among the top losers.

The rebound was largely broad-based, with all sectoral indices closing in the green except Nifty Media and Auto. Realty, PSU banks and Bank Nifty emerged as the top-performing pockets.

The broader market also ended higher, though gains were relatively modest. The Nifty Midcap 100 rose 0.48%, while the Smallcap 100 added 0.11%.

With the Q3 earnings season largely concluded, corporate results have been broadly in-line with expectations.

Nifty earnings grew about 7% YoY, while the broader market posted stronger double-digit growth, driven by commodities, especially metals and oil and gas, alongside support from BFSI, technology and telecom. Margin stability and a balanced beat-to-miss ratio suggest a more stable earnings environment.

Nilesh Jain of Centrum Finverse said the index rebounded after testing the 25,400 zone and managed to hold above its 21-DMA at 25,480 on a closing basis.

However, it ended marginally below the 100-DMA at 25,690, which now acts as immediate resistance. He added that the overall structure remains positive, with a potential move towards 25,800, while immediate support has shifted to 25,500.

Nagaraj Shetti of HDFC Securities said the sharp recovery appears to have reopened the door for bulls. A sustained move above the recent down-gap resistance of 25,750 could lift the index towards 26,000 in the near term, with immediate support placed at 25,550.

Rupak De of LKP Securities said that if the Nifty sustains above 25,600 on a closing basis, the near-term uptrend could extend towards 25,800 and beyond. However, a breach of 25,500 may revive bearish sentiment.

Nandish Shah of HDFC Securities said the index has reclaimed levels above its 20 and 50-day exponential moving averages, with the day's low of 25,372 marking fresh support.

A decisive close above 25,752 would negate the bearish gap and potentially trigger a rally towards 26,000, he added.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsBSE SensexNifty 50share market todayTrade setup