Nifty Attempts Recovery After Volatile Session
By HDFC SKY | Updated at: Feb 20, 2026 05:06 PM IST
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After witnessing a massive fall on the back of rising geo-political tension on Thursday, Nifty tried to recover from the lows amidst volatility on Friday and closed the day higher by 116 points. After bouncing back from the opening weakness on Friday, the market was not able to sustain above the hurdle of 25650 levels in the mid to later part of the session.
A reasonable positive candle has been formed on the daily chart with upper shadow. This is signaling an attempt of bounce back from the lows. Nifty has failed to show follow-through weakness after a 1or 2 sessions sharp declines in the recent few occasions and Friday’s bounce back could be one of these instances. Hence, one may expect some more upside in the short term.
Nifty is currently placed at the key support of around 25400 as per role reversal and a sustainable upmove above the hurdle of 25650-25700 levels could open another round of relief rally in the market.
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
