Trade Setup for February 27: Nifty consolidates near 25,500; banks, RIL to determine trajectory
Published on 26/02/2026 06:02 PM
Trade Setup for February 27: Nifty consolidates near 25,500; banks, RIL to determine trajectoryAnalysts expect sentiment to stay fragile in the near term, with the possibility of a decline towards 25,300.By Meghna Sen February 26, 2026, 6:02:56 PM IST (Published)2 Min ReadThe Nifty 50 ended Thursday's subdued trade with marginal gains, continuing to oscillate within a tight band and settling largely flat.
The index opened in the green but failed to build on early strength, slipping from intraday highs during the first half of the session. It moved within a 170-point range for most of the day, marked by low volatility and only a few brief swings.
A mild pullback from the day's lows in the final hour helped the benchmark finish slightly above its weakest levels.
The Nifty added 14 points to close at 25,496, with the broader market ending mostly in the green after a choppy session.
Among constituents, Tata Motors (passenger vehicles), Eicher Motors and Bharat Electronics Limited led the gains, while Trent, Coal India and Eternal were the top drags.
Media, FMCG and financial services indices edged lower, whereas other sectoral gauges closed in positive territory. Healthcare, pharma and PSU banks emerged as the strongest performers.
The Nifty Midcap 100 rose 0.66%, outperforming the headline index, while the Smallcap 100 ended flat.
Defence stocks are likely to remain in focus. India is expected to formalise $8.6 billion worth of defence agreements with Israel, including full technology transfer of the Iron Dome and Iron Beam systems, a development that could significantly bolster the domestic defence manufacturing ecosystem.
In addition, the upcoming leadership meeting between India and Canada on Wednesday, aimed at deepening cooperation across defence, energy, technology and AI, may lend further support to market sentiment.
On the technical front, immediate support is seen in the 25,350-25,400 zone, while resistance is placed around 25,600, according to Nagaraj Shetti of HDFC Securities.
Rupak De of LKP Securities expects sentiment to stay fragile in the near term, with the possibility of a decline towards 25,300.
On the upside, he sees hurdles in the 25,550-25,600 band.
Nandish Shah of HDFC Securities said that the Nifty continues to lack clear direction and momentum. He expects the 25,650-25,700 range to act as an immediate ceiling, while 25,250-25,350 could provide near-term support.
A decisive move beyond this band may trigger a more sustained trend, 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