NIFTY 50 OVERVIEW 23/2/2026

 📊 NIFTY 50 – Daily Chart Technical View From your chart:

CMP: ~25,571

Strong resistance near 26,300 (previous supply zone)

Immediate resistance around 25,750–25,800 (falling trendline zone)

Strong support at 25,350

Major support near 24,500

RSI ~48 → Neutral (no overbought/oversold)

MACD → Positive crossover but momentum slowing

🔵 SCENARIO 1: BUY ABOVE BREAKOUT ✅ Entry: 25,800 (on daily close above trendline) 🎯 Target 1: 26,000 🎯 Target 2: 26,250 – 26,300 🛑 Stop Loss: 25,500 📈 Probability: Target 1: 65%

Target 2: 55%

Logic: Falling trendline breakout + MACD positive + price holding above 25,350 support.

🔴 SCENARIO 2: SELL BELOW SUPPORT ✅ Entry: 25,330 (below support breakdown) 🎯 Target 1: 25,000 🎯 Target 2: 24,500 🛑 Stop Loss: 25,650 📉 Probability: Target 1: 60%

Target 2: 50%

Logic: Breakdown below horizontal support may trigger fresh selling pressure.

📌 Overall Market Bias Currently Sideways to Slightly Bullish above 25,350. Clear direction will come only after breakout of 25,800 or breakdown of 25,350.