PCR analysis

NIFTY Bank Engulfing Reversal Revives Bulls; 60,500 Put Base Strengthens Support

Created February 16, 2026
Author Dhupesh Dhameja
Reading Time: < 1 minutes

Sharp Recovery Reclaims MomentumBank Nifty closed at 60,949.10, up 1.27%, staging a strong rebound after opening at 59,947.80. The index remained firm throughout the session and settled near the day’s high, reflecting sustained institutional buying interest.On the daily chart, the index formed a ...

NIFTY 50 Defends 25,500 Support; 26,000 Remains Make-or-Break Zone

Created February 16, 2026
Author Dhupesh Dhameja
Reading Time: 2 minutes

Strong Recovery Signals Short-Term StrengthNifty 50 closed at 25,682.75, up 0.83%, staging an impressive rebound after opening lower at 25,423.60. The index finished near the day’s high, reflecting steady institutional buying through the session.On the daily chart, Nifty formed a bullish engulfin...

Nifty Holds Gap Support, Consolidates Below 26,000 Amid Gradual Bullish Bias

Created February 10, 2026
Author Dhupesh Dhameja
Reading Time: 2 minutes

Market RecapThe Nifty index continues to display unusual yet constructive price behaviour, characterised by wide gap-up openings followed by narrow intraday consolidation. Despite the lack of aggressive follow-through buying, the index has successfully defended its critical support zones, with th...

Nifty Bank Breaks Consolidation, Reclaims 20-DMA; Upside Momentum Builds

Created January 28, 2026
Author Dhupesh Dhameja
Reading Time: 2 minutes

Market RecapThe Nifty Bank index staged a decisive breakout from its recent consolidation phase, reclaiming the 20-day exponential moving average (EMA) and signalling a revival in bullish momentum. The index has now established a strong base in the 58,500–59,000 zone, aligned with key moving aver...

Nifty Stabilises Above Key Supports; Momentum Builds for Further Upside

Created January 28, 2026
Author Dhupesh Dhameja
Reading Time: 2 minutes

Market RecapThe Nifty 50 index staged a tactical rebound from its key support zone, reclaiming the 200-day exponential moving average (EMA) and providing temporary relief to market participants. The index has successfully carved out a meaningful base in the 24,900–25,000 range, which coincides wi...

Nifty Remains Range-Bound Amid Persistent Selling Pressure; Breakout Key Above 26,000

Created January 19, 2026
Author Dhupesh Dhameja
Reading Time: 3 minutes

The Nifty index continues to struggle for direction, remaining trapped in a narrow trading range amid persistent selling pressure at higher levels. Despite occasional bouts of short covering, the benchmark has failed to generate sustained buying momentum, keeping the near-term outlook cautious. M...

Indecision Grips Nifty Bank as Doji Candles Signal Tug-of-War Near 59,000 Support

Created December 5, 2025
Author Dhupesh Dhameja
Reading Time: 2 minutes

The Nifty Bank index remained sideways ahead of the upcoming monetary policy announcement, amid a noticeable drop in trading volumes. Despite several intraday recovery attempts, the index once again failed to post a decisive close above the previous session’s high. Persistent overhead resistance ...