Nifty Breaks Key Gap Resistance, Extends Rally
By HDFC SKY | Updated at: Feb 18, 2026 06:26 PM IST
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Nifty continued its upside momentum for the third consecutive sessions on Wednesday and closed the day higher by 93 points. After showing a minor weakness in the early part of the session, the market recovered again from the lows extended gains in the mid-to- later part of the session. The bearish opening downside gap of 13th Feb has been filled completely on the bounce at 25750 levels and Nifty closed higher.
A reasonable bull candle was formed on the daily chart with long lower shadow. Technically, this market action indicates a breakout of crucial gap resistance at 25750 levels. The previous huge bullish opening upside gap of 3rd Feb remains partially filled. This is positive indication and could pull Nifty towards 26000 and next 26350 levels in the near term. Immediate support is placed at 25650.
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
