New Delhi, Feb. 16 -- The Nifty 50 kicked off the week on a positive note amid buying in index heavyweights like Reliance Industries and HDFC Bank.

The index closed 0.83% or 211 points higher at 25,683 on Monday, February 16, while its 30-pack counterpart, Sensex, jumped 650 points or 0.79% to 83,277.

Last week's price action has resulted in a bearish island pattern on the daily chart, which is typically a negative signal. However, Axis Securities believes that a decisive close above 25,800 would invalidate this pattern and open the path toward 26,000-26,350.

On the downside, it sees 25,500-25,450 as a critical support zone, aligning with the 20-day SMA, placed at 25,474, and the 50% Fibonacci retracement of the Feb'26 rally (25,455). ...