Market Update

February 24, 2026

The Nifty 50 plummeted 1.1% on February 24, 2026, with 2,102 shares declining against 835 advancing shares on the NSE. Market breadth was dominated by bears, with a likely consolidation in the near term.

Trading Ideas

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Lupin

• CMP: Rs 2,250.2
• Strategy: Buy
• Target: Rs 2,400
• Stop-Loss: Rs 2,170
• Lupin has shown a robust rally from lower levels in the past sessions, forming a consolidation structure that suggests a bullish continuation chart formation.

Axis Bank

• CMP: Rs 1,387.6
• Strategy: Buy
• Target: Rs 1,480
• Stop-Loss: Rs 1,335
• Axis Bank is in a rising channel chart formation with a higher high–higher low pattern, indicating a further uptrend from current levels.

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JSW Steel

• CMP: Rs 1,254.5
• Strategy: Buy
• Target: Rs 1,340
• Stop-Loss: Rs 1,210
• JSW Steel has broken out of a consolidation structure, indicating a bullish continuation pattern and upward momentum in the near term.

Colgate Palmolive India

• CMP: Rs 2,236.3
• Strategy: Buy
• Target: Rs 2,330, Rs 2,400
• Stop-Loss: Rs 2,160
• Colgate Palmolive India has been respecting Dow Theory, forming a higher high–higher low structure since January 30, reflecting sustained buying interest at lower levels.

Torrent Pharma

• CMP: Rs 4,397.9
• Strategy: Buy
• Target: Rs 4,630
• Stop-Loss: Rs 4,180
• Torrent Pharmaceuticals has outperformed the broader market index Nifty by closing with a gain of more than 2 percent, indicating bullishness in the stock.

Karur Vysya Bank

• CMP: Rs 336
• Strategy: Buy
• Target: Rs 345, Rs 360
• Stop-Loss: Rs 315
• Karur Vysya Bank broke out of a narrow consolidation range, indicating a phase of accumulation, and has been trading above the Ichimoku Cloud convergence line.

Graphite India

• CMP: Rs 683.65
• Strategy: Buy
• Target: Not specified
• Stop-Loss: Not specified
• Graphite India broke out of a box pattern with an expansion in volumes and has been sustaining above this breakout level since then, creating another accumulation phase.