Nifty Tanks 336 Points as Bearish Island Reversal Signals Further Weakness

Authored By Prime Research | Published at: Feb 13, 2026 05:57 PM IST

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After showing weakness with range bound action on Thursday, Nifty slipped into a sharp decline on Friday and closed the day lower by 336 points. After opening on downside gap of 236 points, the market shifted into a range bound action with weak bias for better part of the session. Further weakness has triggered towards the end and Nifty finally closed at the lows. The opening downside gap remains unfilled.

A long negative candle was formed on the daily chart with minor upper shadow. Technically, this market action indicates reversal in the market on downside. The negative pattern like ‘Bearish Island Reversal’ was formed on the daily chart and initial downside target has been met at 25500 on Friday.

The emergence of selling pressure of Friday seems to have dampened the effort of bulls to make a comeback. The short-term negative chart pattern suggests more weaknesses in the coming sessions. A decisive slide below 25450 levels could pull Nifty down to 25200 levels (200day EMA) by next week. Immediate resistance is placed at 25600.

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