NIFTY 100

15–20% market return achievable if earnings momentum sustains and global stability persists in 2026, Earnings upgrades from Q4 FY25 expected to gain traction, particularly in metals, construction, and banking, Robust project pipeline should continue supporting revenue visibility

* 15–20% market return achievable if earnings momentum sustains and global stability persists in 2026
* Earnings upgrades from Q4 FY25 expected to gain traction, particularly in metals, construction, and banking
* Robust project pipeline should continue supporting revenue visibility

shorts/business/daily-voice-markets-could-deliver-15-20-gains-in-2026-says-invasset-s-anirudh-garg

* 15–20% market return achievable if earnings momentum sustains and global stability persists in 2026
* Earnings upgrades from Q4 FY25 expected to gain traction, particularly in metals, construction, and banking
* Robust project pipeline should continue supporting revenue visibility

"A 15–20 percent market return is achievable if earnings momentum sustains and global stability persists in 2026," said Anirudh Garg, the Partner and Fund Manager at INVasset PMS in an interview to Moneycontrol.

Investors should stay selective, focusing on quality businesses with strong balance sheets and earnings visibility, particularly in banking, metals, and infrastructure, he advised.

According to him, earnings upgrades from Q4 FY25 are expected to gain traction, particularly in metals, construction, and banking. "These sectors are benefiting directly from government-led capex and strong domestic infrastructure demand. A robust project pipeline should continue supporting revenue visibility," he said.

With the easing of trade deal concerns, do you think this could be a strong year for equity markets, with a possible return of 15–20 percent in the current calendar year?

With easing global trade tensions and improved geopolitical clarity, Indian equities are positioned well for the year. Greater policy visibility with key partners like the US and EU supports export-oriented sectors such as manufacturing. Domestically, strong consumption, rising urbanization, and a young demographic continue to anchor growth. The government’s sustained focus on infrastructure, technology, and renewable energy adds structural support to earnings visibility.

This blend of domestic resilience and policy-backed expansion creates a constructive backdrop for equities. However, valuations in select pockets remain elevated. Returns may not be uniform across the board.

A 15–20 percent return is achievable if earnings momentum sustains and global stability persists. Investors should stay selective, focusing on quality businesses with strong balance sheets and earnings visibility, particularly in banking, metals, and infrastructure. A disciplined, sector-focused strategy will be critical in navigating the broader market.

Are you seeing a positive movement in the economic, credit, and business cycles?

India’s economic cycle remains on a positive trajectory, supported by steady GDP growth, strong domestic consumption, and continued infrastructure spending. Government initiatives such as the National Infrastructure Pipeline and digitization efforts provide long-term structural momentum. Supportive RBI policy and improved liquidity have strengthened credit availability, benefiting both retail and corporate segments.

Banks and NBFCs are well-positioned amid sustained loan demand, while asset quality remains stable with controlled NPAs. Manufacturing and services sectors continue to show resilience, particularly in construction, automotive, and technology services.

That said, global uncertainties—especially in exports and IT—could pose intermittent challenges due to geopolitical tensions and slowing demand in advanced economies. Despite these external risks, the domestic credit environment is stable and systemic risks remain limited. Overall, the economic, credit, and business cycles appear aligned positively, offering a supportive backdrop for equities in the near to medium term.

Do you expect a strong pickup in earnings upgrades from Q4 onwards, especially after analysing the December quarter earnings?

Earnings upgrades from Q4 FY25 are expected to gain traction, particularly in metals, construction, and banking. These sectors are benefiting directly from government-led capex and strong domestic infrastructure demand. A robust project pipeline should continue supporting revenue visibility.

Cyclical sectors such as automobiles and cement are also witnessing improving demand. Rural recovery and infrastructure-led housing activity are likely to drive cement volumes, while passenger vehicles and two-wheelers could benefit from steady domestic consumption.

Technology and digital services should see stable growth, though upgrades may be more measured due to global competition and regulatory pressures. It is important to note that earnings momentum will remain sector-specific. While domestic-facing sectors could outperform, export-linked industries may face volatility from global headwinds and commodity fluctuations. Investors should therefore adopt a selective approach, focusing on sectors aligned with domestic recovery and policy support.

Are you now confident that FY27 earnings growth could be above 15 percent?

The outlook for FY27 earnings growth remains constructive, supported by India’s demographic advantage and expanding middle class. Rising technology adoption, digital penetration, and increasing consumption provide structural tailwinds across sectors. Continued foreign investments in manufacturing, renewable energy, and digital infrastructure further strengthen the long-term growth trajectory.

Sectors aligned with India’s structural transformation—such as clean energy, industrials, and digital services—are likely to lead earnings growth. Government focus on infrastructure, manufacturing incentives, and financial inclusion reforms also adds durability to earnings expansion.

While earnings growth above 15 percent appears achievable, it may not be broad-based. Sector-specific dynamics will play a key role. Banking and financial services could benefit from credit growth and reforms, though performance may vary across segments. Overall, the medium-term earnings outlook remains healthy, driven by structural reforms and domestic demand strength.

Do you expect the small-cap space to significantly outperform going forward?

Small-cap stocks could outperform in the near term, particularly if liquidity conditions remain supportive and economic momentum sustains. Historically, small caps tend to perform well during recovery phases when risk appetite improves.

However, the segment remains inherently volatile and more sensitive to shifts in sentiment or global uncertainty. Any resurgence in external risks could disproportionately impact smaller companies. Therefore, performance within the space is likely to be selective rather than broad-based.

Investors should focus on fundamentally strong small-cap companies with sound balance sheets, credible management, and visible earnings growth. Sectors with clear demand drivers and policy support may offer better opportunities. While the small-cap space holds potential for superior returns, disciplined stock selection and risk management will remain essential.

Do you see a positive outlook for metals and cement in the coming quarters?

The outlook for metals and cement remains positive, largely supported by strong infrastructure spending and housing demand. Cement companies are benefiting from steady rural and urban demand alongside government-backed construction projects, ensuring volume visibility.

In metals, domestic demand remains resilient, supported by infrastructure development and manufacturing growth. India’s integration into global supply chains and the global shift toward sustainable manufacturing are likely to sustain demand for metals such as copper, steel, and aluminum.

That said, the sector may witness periodic volatility due to global commodity price movements and geopolitical developments. Despite this, the domestic demand narrative remains strong. Overall, both metals and cement are well-positioned to benefit from continued capex and structural growth drivers in the coming quarters.

Is the IT sector likely to remain range-bound and may not drive Nifty’s upward move?

The Indian IT sector is likely to witness moderate growth in FY26, with earnings stabilizing after a period of strong expansion. While long-term digital transformation trends remain intact, near-term headwinds include global demand moderation, regulatory scrutiny, and competitive pressures.

Additionally, the rapid advancement of AI may disrupt traditional service-based models, particularly for companies heavily reliant on outsourcing. Compared to global peers, Indian IT firms have historically invested less in product innovation and R&amp;D, which may limit near-term upside.

Given these dynamics, the sector may remain range-bound and may not be the primary driver of Nifty’s gains. Broader participation from banking, metals, and infrastructure could play a larger role in index performance. IT will remain structurally relevant, but its leadership may depend on innovation and adaptation to evolving technology trends.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Daily Voice: Markets could deliver 15–20% gains in 2026, says INVasset's Anirudh Garg

The Indian IT sector is likely to witness moderate growth in FY26, with earnings stabilizing after a period of strong expansion, said Anirudh Garg.

&quot;A 15–20 percent market return is achievable if earnings momentum sustains and global stability persists in 2026,&quot; said Anirudh Garg, the Partner and Fund Manager at INVasset PMS in an interview to Moneycontrol.

Investors should stay selective, focusing on quality businesses with strong balance sheets and earnings visibility, particularly in banking, metals, and infrastructure, he advised.

According to him, earnings upgrades from Q4 FY25 are expected to gain traction, particularly in metals, construction, and banking. &quot;These sectors are benefiting directly from government-led capex and strong domestic infrastructure demand. A robust project pipeline should continue supporting revenue visibility,&quot; he said.

With the easing of trade deal concerns, do you think this could be a strong year for equity markets, with a possible return of 15–20 percent in the current calendar year?

With easing global trade tensions and improved geopolitical clarity, Indian equities are positioned well for the year. Greater policy visibility with key partners like the US and EU supports export-oriented sectors such as manufacturing. Domestically, strong consumption, rising urbanization, and a young demographic continue to anchor growth. The government’s sustained focus on infrastructure, technology, and renewable energy adds structural support to earnings visibility.

This blend of domestic resilience and policy-backed expansion creates a constructive backdrop for equities. However, valuations in select pockets remain elevated. Returns may not be uniform across the board.

A 15–20 percent return is achievable if earnings momentum sustains and global stability persists. Investors should stay selective, focusing on quality businesses with strong balance sheets and earnings visibility, particularly in banking, metals, and infrastructure. A disciplined, sector-focused strategy will be critical in navigating the broader market.

Are you seeing a positive movement in the economic, credit, and business cycles?

India’s economic cycle remains on a positive trajectory, supported by steady GDP growth, strong domestic consumption, and continued infrastructure spending. Government initiatives such as the National Infrastructure Pipeline and digitization efforts provide long-term structural momentum. Supportive RBI policy and improved liquidity have strengthened credit availability, benefiting both retail and corporate segments.

Banks and NBFCs are well-positioned amid sustained loan demand, while asset quality remains stable with controlled NPAs. Manufacturing and services sectors continue to show resilience, particularly in construction, automotive, and technology services.

That said, global uncertainties—especially in exports and IT—could pose intermittent challenges due to geopolitical tensions and slowing demand in advanced economies. Despite these external risks, the domestic credit environment is stable and systemic risks remain limited. Overall, the economic, credit, and business cycles appear aligned positively, offering a supportive backdrop for equities in the near to medium term.

Do you expect a strong pickup in earnings upgrades from Q4 onwards, especially after analysing the December quarter earnings?

Earnings upgrades from Q4 FY25 are expected to gain traction, particularly in metals, construction, and banking. These sectors are benefiting directly from government-led capex and strong domestic infrastructure demand. A robust project pipeline should continue supporting revenue visibility.

Cyclical sectors such as automobiles and cement are also witnessing improving demand. Rural recovery and infrastructure-led housing activity are likely to drive cement volumes, while passenger vehicles and two-wheelers could benefit from steady domestic consumption.

Technology and digital services should see stable growth, though upgrades may be more measured due to global competition and regulatory pressures. It is important to note that earnings momentum will remain sector-specific. While domestic-facing sectors could outperform, export-linked industries may face volatility from global headwinds and commodity fluctuations. Investors should therefore adopt a selective approach, focusing on sectors aligned with domestic recovery and policy support.

Are you now confident that FY27 earnings growth could be above 15 percent?

The outlook for FY27 earnings growth remains constructive, supported by India’s demographic advantage and expanding middle class. Rising technology adoption, digital penetration, and increasing consumption provide structural tailwinds across sectors. Continued foreign investments in manufacturing, renewable energy, and digital infrastructure further strengthen the long-term growth trajectory.

Sectors aligned with India’s structural transformation—such as clean energy, industrials, and digital services—are likely to lead earnings growth. Government focus on infrastructure, manufacturing incentives, and financial inclusion reforms also adds durability to earnings expansion.

While earnings growth above 15 percent appears achievable, it may not be broad-based. Sector-specific dynamics will play a key role. Banking and financial services could benefit from credit growth and reforms, though performance may vary across segments. Overall, the medium-term earnings outlook remains healthy, driven by structural reforms and domestic demand strength.

Do you expect the small-cap space to significantly outperform going forward?

Small-cap stocks could outperform in the near term, particularly if liquidity conditions remain supportive and economic momentum sustains. Historically, small caps tend to perform well during recovery phases when risk appetite improves.

However, the segment remains inherently volatile and more sensitive to shifts in sentiment or global uncertainty. Any resurgence in external risks could disproportionately impact smaller companies. Therefore, performance within the space is likely to be selective rather than broad-based.

Investors should focus on fundamentally strong small-cap companies with sound balance sheets, credible management, and visible earnings growth. Sectors with clear demand drivers and policy support may offer better opportunities. While the small-cap space holds potential for superior returns, disciplined stock selection and risk management will remain essential.

Do you see a positive outlook for metals and cement in the coming quarters?

The outlook for metals and cement remains positive, largely supported by strong infrastructure spending and housing demand. Cement companies are benefiting from steady rural and urban demand alongside government-backed construction projects, ensuring volume visibility.

In metals, domestic demand remains resilient, supported by infrastructure development and manufacturing growth. India’s integration into global supply chains and the global shift toward sustainable manufacturing are likely to sustain demand for metals such as copper, steel, and aluminum.

That said, the sector may witness periodic volatility due to global commodity price movements and geopolitical developments. Despite this, the domestic demand narrative remains strong. Overall, both metals and cement are well-positioned to benefit from continued capex and structural growth drivers in the coming quarters.

Is the IT sector likely to remain range-bound and may not drive Nifty’s upward move?

The Indian IT sector is likely to witness moderate growth in FY26, with earnings stabilizing after a period of strong expansion. While long-term digital transformation trends remain intact, near-term headwinds include global demand moderation, regulatory scrutiny, and competitive pressures.

Additionally, the rapid advancement of AI may disrupt traditional service-based models, particularly for companies heavily reliant on outsourcing. Compared to global peers, Indian IT firms have historically invested less in product innovation and R&amp;amp;D, which may limit near-term upside.

Given these dynamics, the sector may remain range-bound and may not be the primary driver of Nifty’s gains. Broader participation from banking, metals, and infrastructure could play a larger role in index performance. IT will remain structurally relevant, but its leadership may depend on innovation and adaptation to evolving technology trends.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Technical and momentum indicators suggest that bulls hold the charge, Nifty 50 may gain strength soon for a move beyond 26,000 and target 26,200, Bank Nifty expected to see a consolidation breakout toward 61,000 and beyond

* Technical and momentum indicators suggest that bulls hold the charge
* Nifty 50 may gain strength soon for a move beyond 26,000 and target 26,200
* Bank Nifty expected to see a consolidation breakout toward 61,000 and beyond

shorts/business/trading-plan-will-nifty-50-defend-25-900-bank-nifty-hold-above-60-500-amid-ongoing-consolidation

* Technical and momentum indicators suggest that bulls hold the charge
* Nifty 50 may gain strength soon for a move beyond 26,000 and target 26,200
* Bank Nifty expected to see a consolidation breakout toward 61,000 and beyond

The market remained in a consolidative phase, especially after the recent sharp rally, while the technical and momentum indicators suggested that the bulls hold the charge. Experts believe the ongoing consolidation is expected to end soon, and the Nifty 50 may gain strength for a move beyond 26,000 and target 26,200, until then, range-bound trading may continue as long as the index trades below 26,000. Meanwhile, the Bank Nifty is also expected to see a consolidation breakout toward 61,000 and beyond as long as it holds 60,500 on a closing basis.

On February 11, the Nifty 50 rose 19 points to 25,954, while the Bank Nifty climbed 119 points (0.2 percent) to 60,745 despite weak market breadth. A total of 1,602 shares saw selling pressure compared to 1,307 shares that were supported by bulls.

Nifty Outlook and Strategy

Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse

The Nifty index extended its winning streak for the fourth consecutive session and traded within a narrow range of around 100 points. The index faced stiff resistance near the 26,000 mark for the second straight session, which continues to remain a crucial hurdle. A decisive breakout above this level could pave the way for an upside move towards the 26,200 zone in the near term.

On the momentum front, the MACD has already generated a bullish crossover, while the RSI has moved above the 50 mark, signalling improving underlying strength. Meanwhile, India VIX has cooled off towards the 11.50 level; a further decline in volatility would be conducive to sustaining positive market sentiment.

Considering the overall technical setup, the Nifty is likely to breach the 26,000 resistance and advance towards the 26,200 level in the short term. Accordingly, Nifty Futures can be accumulated in the range of 25,930–25,960 with a stop-loss below 25,800 for an upside target of 26,200.

(Spot levels)
Key Resistance: 26,000, 26,200

Key Support: 25,900, 25,780

Strategy: Buy Nifty Futures in the range of 25,930–25,960, with a stop-loss of 25,800, targeting 26,200.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

The benchmark index, Nifty, has slipped into a phase of low volatility this week, following the sharp fluctuations seen previously. Over the last three trading sessions, the index has remained confined to a narrow trading band, forming small-bodied candles that indicate short-term indecision.

Despite this consolidation, the index continues to display underlying strength as it trades above all its crucial moving averages, which are gradually inching higher. The daily RSI is hovering near the 57 mark and is rising steadily, reflecting ongoing bullish momentum even as price action remains subdued. These technical indicators collectively suggest that buyers are still in control despite the low-volatility environment.

Broader markets, meanwhile, are clearly outperforming the frontline indices. The Nifty Midcap 100 is now only 1.30 percent away from its all-time high, and its ratio chart versus Nifty is forming a steady pattern of higher tops and higher bottoms, placing it on the verge of a trendline breakout. The Nifty Smallcap 100 is also maintaining strength, trading comfortably above its 20-day and 50-day EMA levels, indicating continued interest in the mid- and small-cap spaces.

Going ahead, the Nifty is expected to remain range-bound in the near term, even as stock-specific action continues to dominate the broader market. For Nifty, the zone of 26,050–26,100 remains the immediate resistance band, and a sustained move above 26,100 could open the gates for a rally toward 26,250. On the downside, the zone of 25,800–25,770 will act as a crucial support base and is likely to attract buying interest if tested.

Key Resistance: 26,050, 26,100, 26,250

Key Support: 25,800, 25,770

Strategy: Buy Nifty Futures on dips between 25,890–25,950, with a stop-loss of 25,830, targeting 26,160.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty index faced resistance at 26,000, leading to a correction from the day’s high. However, the short-term trend remains positive as it continues to hold above the immediate support at 25,800. Market panic has eased over the past few sessions, as reflected in India VIX slipping below its 200 DMA.

A decisive move above 26,000 could trigger further upside toward higher levels. The technical setup remains constructive, with the RSI in a bullish crossover and the index trading above the 20 DMA, supporting a positive bias.

Key Resistance 26,000, 26,200

Key Support: 25,800

Strategy: Buy Nifty 26,000 CE of February 17 at Rs 100, with a stop-loss of Rs 78, targeting Rs 150.

Bank Nifty - Outlook and Positioning

Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse

Bank Nifty regained momentum after a brief pause in the previous session and formed a small-bodied bullish candle on the daily chart. The index has scaled a fresh record closing high during the week, highlighting strong underlying strength. It continues to trade well above all its short-term and long-term moving averages, thereby reaffirming the prevailing uptrend.

On the momentum front, the RSI has negated its earlier bearish structure of lower tops and lower bottoms and has moved above the 60 mark, further validating the bullish setup.

Overall, Bank Nifty’s structure appears relatively stronger compared to the Nifty, and a buy-on-dips strategy remains preferable. Based on the current technical setup, traders may consider initiating long positions in Bank Nifty Futures in the 60,600–60,700 zone, with a stop-loss below 60,100. A pullback-led rally towards fresh record highs around 61,400 cannot be ruled out in the near term.

(Spot levels)
Key Resistance: 60,900, 61,300

Key Support: 60,450, 60,100

Strategy: Buy Bank Nifty Futures in the range of 60,600–60,700, with a stop-loss of 60,100, targeting 61,400.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

Over the last three trading sessions, the banking benchmark index, Bank Nifty, has moved into a tight consolidation phase, trading within a narrow band of just 431 points—its smallest trading range in the recent past. This compressed movement has resulted in the formation of small-bodied candles on the daily chart, indicating hesitation and a lack of strong directional conviction among market participants.

However, despite this temporary pause, the broader trend for Bank Nifty remains firmly positive. The index continues to trade above all its crucial moving averages, which are steadily inching higher, and the daily RSI remains above the 60 mark, gradually rising—both signalling the presence of strong underlying bullish momentum.

Looking ahead, the zone of 61,200–61,300 will be the immediate resistance to watch. A sustained breakout above 61,300 has the potential to trigger further upside towards 61,800, and eventually 62,400 in the short term, as momentum builds. On the flip side, the zone of 60,400–60,300 will act as a key support area for the index. As long as Bank Nifty holds above this support band, the broader structure is expected to remain positive, with dips likely to attract buying interest.

Key Resistance: 61,200, 61,300, 61,800

Key Stop-Loss: 60,400, 60,300

Strategy: Buy Bank Nifty Futures on dips between 60,600–60,700, with a stop-loss of 60,200, targeting 61,400.

Rupak De, Senior Technical Analyst at LKP Securities

Bank Nifty remained largely sideways after a flat opening, as market participants appeared fatigued following a series of news events and their impact. However, the overall short-term trend remains positive, with the index holding comfortably above the 60,500 support level.

In the near term, Bank Nifty is expected to maintain a positive tone, offering buy-on-dips opportunities. On the downside, 60,500 will act as immediate support, while on the upside, resistance is placed at 61,000.

Key Resistance: 61,000

Key Support: 60,500

Strategy: Buy Bank Nifty February 61,000 CE at Rs 365, with a stop-loss of Rs 285, targeting Rs 460.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Trading Plan: Will Nifty 50 defend 25,900, Bank Nifty hold above 60,500 amid ongoing consolidation?

The market remained in a consolidative phase, especially after the recent sharp rally, while the technical and momentum indicators suggested that the bulls hold the charge. Experts believe the ongoing consolidation is expected to end soon, and the Nifty 50 may gain strength for a move beyond 26,000 and target 26,200, until then, range-bound trading may continue as long as the index trades below 26,000. Meanwhile, the Bank Nifty is also expected to see a consolidation breakout toward 61,000 and beyond as long as it holds 60,500 on a closing basis.

On February 11, the Nifty 50 rose 19 points to 25,954, while the Bank Nifty climbed 119 points (0.2 percent) to 60,745 despite weak market breadth. A total of 1,602 shares saw selling pressure compared to 1,307 shares that were supported by bulls.

Nifty Outlook and Strategy

Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse

The Nifty index extended its winning streak for the fourth consecutive session and traded within a narrow range of around 100 points. The index faced stiff resistance near the 26,000 mark for the second straight session, which continues to remain a crucial hurdle. A decisive breakout above this level could pave the way for an upside move towards the 26,200 zone in the near term.

On the momentum front, the MACD has already generated a bullish crossover, while the RSI has moved above the 50 mark, signalling improving underlying strength. Meanwhile, India VIX has cooled off towards the 11.50 level; a further decline in volatility would be conducive to sustaining positive market sentiment.

Considering the overall technical setup, the Nifty is likely to breach the 26,000 resistance and advance towards the 26,200 level in the short term. Accordingly, Nifty Futures can be accumulated in the range of 25,930–25,960 with a stop-loss below 25,800 for an upside target of 26,200.

(Spot levels)
Key Resistance: 26,000, 26,200

Key Support: 25,900, 25,780

Strategy: Buy Nifty Futures in the range of 25,930–25,960, with a stop-loss of 25,800, targeting 26,200.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

The benchmark index, Nifty, has slipped into a phase of low volatility this week, following the sharp fluctuations seen previously. Over the last three trading sessions, the index has remained confined to a narrow trading band, forming small-bodied candles that indicate short-term indecision.

Despite this consolidation, the index continues to display underlying strength as it trades above all its crucial moving averages, which are gradually inching higher. The daily RSI is hovering near the 57 mark and is rising steadily, reflecting ongoing bullish momentum even as price action remains subdued. These technical indicators collectively suggest that buyers are still in control despite the low-volatility environment.

Broader markets, meanwhile, are clearly outperforming the frontline indices. The Nifty Midcap 100 is now only 1.30 percent away from its all-time high, and its ratio chart versus Nifty is forming a steady pattern of higher tops and higher bottoms, placing it on the verge of a trendline breakout. The Nifty Smallcap 100 is also maintaining strength, trading comfortably above its 20-day and 50-day EMA levels, indicating continued interest in the mid- and small-cap spaces.

Going ahead, the Nifty is expected to remain range-bound in the near term, even as stock-specific action continues to dominate the broader market. For Nifty, the zone of 26,050–26,100 remains the immediate resistance band, and a sustained move above 26,100 could open the gates for a rally toward 26,250. On the downside, the zone of 25,800–25,770 will act as a crucial support base and is likely to attract buying interest if tested.

Key Resistance: 26,050, 26,100, 26,250

Key Support: 25,800, 25,770

Strategy: Buy Nifty Futures on dips between 25,890–25,950, with a stop-loss of 25,830, targeting 26,160.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty index faced resistance at 26,000, leading to a correction from the day’s high. However, the short-term trend remains positive as it continues to hold above the immediate support at 25,800. Market panic has eased over the past few sessions, as reflected in India VIX slipping below its 200 DMA.

A decisive move above 26,000 could trigger further upside toward higher levels. The technical setup remains constructive, with the RSI in a bullish crossover and the index trading above the 20 DMA, supporting a positive bias.

Key Resistance 26,000, 26,200

Key Support: 25,800

Strategy: Buy Nifty 26,000 CE of February 17 at Rs 100, with a stop-loss of Rs 78, targeting Rs 150.

Bank Nifty - Outlook and Positioning

Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse

Bank Nifty regained momentum after a brief pause in the previous session and formed a small-bodied bullish candle on the daily chart. The index has scaled a fresh record closing high during the week, highlighting strong underlying strength. It continues to trade well above all its short-term and long-term moving averages, thereby reaffirming the prevailing uptrend.

On the momentum front, the RSI has negated its earlier bearish structure of lower tops and lower bottoms and has moved above the 60 mark, further validating the bullish setup.

Overall, Bank Nifty’s structure appears relatively stronger compared to the Nifty, and a buy-on-dips strategy remains preferable. Based on the current technical setup, traders may consider initiating long positions in Bank Nifty Futures in the 60,600–60,700 zone, with a stop-loss below 60,100. A pullback-led rally towards fresh record highs around 61,400 cannot be ruled out in the near term.

(Spot levels)
Key Resistance: 60,900, 61,300

Key Support: 60,450, 60,100

Strategy: Buy Bank Nifty Futures in the range of 60,600–60,700, with a stop-loss of 60,100, targeting 61,400.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

Over the last three trading sessions, the banking benchmark index, Bank Nifty, has moved into a tight consolidation phase, trading within a narrow band of just 431 points—its smallest trading range in the recent past. This compressed movement has resulted in the formation of small-bodied candles on the daily chart, indicating hesitation and a lack of strong directional conviction among market participants.

However, despite this temporary pause, the broader trend for Bank Nifty remains firmly positive. The index continues to trade above all its crucial moving averages, which are steadily inching higher, and the daily RSI remains above the 60 mark, gradually rising—both signalling the presence of strong underlying bullish momentum.

Looking ahead, the zone of 61,200–61,300 will be the immediate resistance to watch. A sustained breakout above 61,300 has the potential to trigger further upside towards 61,800, and eventually 62,400 in the short term, as momentum builds. On the flip side, the zone of 60,400–60,300 will act as a key support area for the index. As long as Bank Nifty holds above this support band, the broader structure is expected to remain positive, with dips likely to attract buying interest.

Key Resistance: 61,200, 61,300, 61,800

Key Stop-Loss: 60,400, 60,300

Strategy: Buy Bank Nifty Futures on dips between 60,600–60,700, with a stop-loss of 60,200, targeting 61,400.

Rupak De, Senior Technical Analyst at LKP Securities

Bank Nifty remained largely sideways after a flat opening, as market participants appeared fatigued following a series of news events and their impact. However, the overall short-term trend remains positive, with the index holding comfortably above the 60,500 support level.

In the near term, Bank Nifty is expected to maintain a positive tone, offering buy-on-dips opportunities. On the downside, 60,500 will act as immediate support, while on the upside, resistance is placed at 61,000.

Key Resistance: 61,000

Key Support: 60,500

Strategy: Buy Bank Nifty February 61,000 CE at Rs 365, with a stop-loss of Rs 285, targeting Rs 460.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Nifty needs to convincingly scale above 26,000 zone for a move toward its record high, Below 26,000 on a closing basis, consolidation with range-bound trading may continue, Support is placed at 25,900, followed by 25,780 being key support

* Nifty needs to convincingly scale above 26,000 zone for a move toward its record high
* Below 26,000 on a closing basis, consolidation with range-bound trading may continue
* Support is placed at 25,900, followed by 25,780 being key support

shorts/business/trade-setup-for-february-12-top-15-things-to-know-before-the-opening-bell-2

* Nifty needs to convincingly scale above 26,000 zone for a move toward its record high
* Below 26,000 on a closing basis, consolidation with range-bound trading may continue
* Support is placed at 25,900, followed by 25,780 being key support

The Nifty 50 closed a range-bound session with moderate gains of 0.07 percent on February 11, extending its northward journey for the fourth consecutive day and continuing its higher top–higher bottom formation. This move was supported by healthy momentum indicators and upward-sloping moving averages. The benchmark index needs to convincingly scale above the 26,000 zone for a move toward its record high. However, as long as the index stays below this level on a closing basis, consolidation with range-bound trading may continue, with immediate crucial support placed at 25,780, according to experts.

<img class="alignnone size-full wp-image-13824128 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211164802_Image111022026.jpg" alt="Image111022026" width="1281" height="684" />

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html" target="_blank">Nifty 50</a> (25,954)

Resistance based on pivot points: 25,996, 26,022, and 26,064

Support based on pivot points: 25,912, 25,887, and 25,845

Special Formation: The Nifty formed a small bearish candle with a lower shadow on the daily charts, indicating buying interest at lower levels, although there was some profit booking near the 26,000 zone. The Bollinger Bands continued to expand, while the moving averages maintained their northward trajectory, with the 10-day EMA crossing above all other key moving averages. The momentum indicators retained buy signals, with the RSI rising to 57.88. Meanwhile, the MACD climbed above the zero line with a positive crossover, and the histogram showed a further uptick. All these indicators suggest underlying strength despite the consolidation.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (60,745)

Resistance based on pivot points: 60,785, 60,864, and 60,992

Support based on pivot points: 60,529, 60,449, and 60,321

Resistance based on Fibonacci retracement: 61,160, 62,075

Support based on Fibonacci retracement: 60,000, 59,452

Special Formation: The Bank Nifty maintained narrow range-bound trading for another session, forming a small-bodied bullish candle with a lower shadow on the daily timeframe, indicating buying interest at lower levels. The index sustained above Monday's bullish gap for another session and traded near the upper Bollinger Bands. All the moving averages trended upward, while the momentum indicators sustained buy signals, with the RSI climbing to 60.68. All these factors indicate continued strength in the index despite consolidation.

<img class="alignnone size-full wp-image-13824129 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211164826_Image211022026.jpg" alt="Image211022026" width="1281" height="684" />

3) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Call Options Data</a>

According to the weekly options data, the 26,000 strike holds the maximum Call open interest (with 1.14 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 26,100 strike (57.26 lakh contracts) and 26,500 strike (54.19 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 55.53 lakh contracts, followed by the 26,150 and 25,950 strikes, which added 26.85 lakh and 26.36 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,500 strike which shed 1.37 lakh contracts, followed by the 25,650 and 25,300 strikes, which shed 13,260 and 4,160 contracts, respectively.

<img class="alignnone size-full wp-image-13824130 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211164847_Image611022026.jpg" alt="Image611022026" width="1260" height="338" />

4) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Put Options Data</a>

On the Put side, the maximum Put open interest was seen at the 25,900 strike (with 61.89 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 26,000 strike (59.72 lakh contracts) and the 25,500 strike (48.57 lakh contracts).

The maximum Put writing was placed at the 25,900 strike, which saw an addition of 27.56 lakh contracts, followed by the 26,000 and 25,950 strikes, which added 26.93 lakh and 18.97 lakh contracts, respectively. There was hardly any Put unwinding seen in the 25,250-26,700 strike band.

<img class="alignnone size-full wp-image-13824131 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211164907_Image711022026.jpg" alt="Image711022026" width="1255" height="341" />

5) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Call Options Data</a>

According to the monthly options data, the 60,000 strike holds the maximum Call open interest, with 15.06 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 61,000 strike (8.28 lakh contracts) and the 60,500 strike (6.63 lakh contracts).

Maximum Call writing was observed at the 60,800 strike (with the addition of 57,420 contracts), followed by the 62,500 strike (51,480 contracts) and 60,700 strike (31,560 contracts). The maximum Call unwinding was seen at the 60,500 strike, which shed 31,410 contracts, followed by the 62,600 and 61,700 strikes which shed 27,600 and 23,190 contracts, respectively.

<img class="alignnone size-full wp-image-13824133 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211164926_Image811022026.jpg" alt="Image811022026" width="1254" height="342" />

6) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Put Options Data</a>

On the Put side, the maximum Put open interest was seen at the 60,000 strike (with 22.07 lakh contracts), which can act as a key support level for the index. This was followed by the 59,000 strike (8.86 lakh contracts) and the 60,500 strike (8.14 lakh contracts).

The maximum Put writing was placed at the 60,000 strike (which added 1.86 lakh contracts), followed by the 60,500 strike (1.8 lakh contracts) and the 60,700 strike (1.6 lakh contracts). The maximum Put unwinding was seen at the 59,800 strike which shed 26,310 contracts, followed by the 59,500 and 61,500 strikes, which shed 12,540 and 8,700 contracts, respectively.

<img class="alignnone size-full wp-image-13824134 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211164947_Image911022026.jpg" alt="Image911022026" width="1249" height="343" />

7) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Funds Flow (Rs crore)</a>

<img class="alignnone size-full wp-image-13824225 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211231354_Image2511022026.jpg" alt="Image2511022026" width="700" height="423" />

8) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Put-Call Ratio</a>

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 1.06 on February 11, compared to 1.17 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

<img class="alignnone size-full wp-image-13824137 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211165028_Image311022026.jpg" alt="Image311022026" width="1225" height="498" />

9) <a href="https://www.moneycontrol.com/indian-indices/india-vix-36.html" target="_blank">India VIX</a>

India VIX, also known as the fear gauge, remained in the comfort zone for bulls and signalled low market uncertainty, as it declined 1.01 percent to 11.55 and sustained below all key moving averages.

<img class="alignnone size-full wp-image-13824138 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211165047_Image411022026.jpg" alt="Image411022026" width="1281" height="684" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (54 Stocks)</a>

A long build-up was seen in 54 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13824230 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211231704_Image3011022026.jpg" alt="Image3011022026" width="700" height="700" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (27 Stocks)</a>

27 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13824229 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211231626_Image2911022026.jpg" alt="Image2911022026" width="700" height="700" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (61 Stocks)</a>

61 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

<img class="alignnone size-full wp-image-13824228 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211231547_Image2811022026.jpg" alt="Image2811022026" width="700" height="603" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (66 Stocks)</a>

66 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13824227 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211231511_Image2711022026.jpg" alt="Image2711022026" width="700" height="700" />

14) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">High Delivery Trades</a>

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.

<img class="alignnone size-full wp-image-13824226 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260211231433_Image2611022026.jpg" alt="Image2611022026" width="700" height="729" />

15) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Stocks Under F&amp;O Ban</a>

Securities banned under the F&amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;O ban: Nil

Stocks retained in F&amp;O ban: SAIL, Sammaan Capital

Stocks removed from F&amp;O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Trade setup for February 12: Top 15 things to know before the opening bell

The Nifty 50 closed a range-bound session with moderate gains of 0.07 percent on February 11, extending its northward journey for the fourth consecutive day and continuing its higher top–higher bottom formation. This move was supported by healthy momentum indicators and upward-sloping moving averages. The benchmark index needs to convincingly scale above the 26,000 zone for a move toward its record high. However, as long as the index stays below this level on a closing basis, consolidation with range-bound trading may continue, with immediate crucial support placed at 25,780, according to experts.



Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (25,954)

Resistance based on pivot points: 25,996, 26,022, and 26,064

Support based on pivot points: 25,912, 25,887, and 25,845

Special Formation: The Nifty formed a small bearish candle with a lower shadow on the daily charts, indicating buying interest at lower levels, although there was some profit booking near the 26,000 zone. The Bollinger Bands continued to expand, while the moving averages maintained their northward trajectory, with the 10-day EMA crossing above all other key moving averages. The momentum indicators retained buy signals, with the RSI rising to 57.88. Meanwhile, the MACD climbed above the zero line with a positive crossover, and the histogram showed a further uptick. All these indicators suggest underlying strength despite the consolidation.

2) Key Levels For The Bank Nifty (60,745)

Resistance based on pivot points: 60,785, 60,864, and 60,992

Support based on pivot points: 60,529, 60,449, and 60,321

Resistance based on Fibonacci retracement: 61,160, 62,075

Support based on Fibonacci retracement: 60,000, 59,452

Special Formation: The Bank Nifty maintained narrow range-bound trading for another session, forming a small-bodied bullish candle with a lower shadow on the daily timeframe, indicating buying interest at lower levels. The index sustained above Monday's bullish gap for another session and traded near the upper Bollinger Bands. All the moving averages trended upward, while the momentum indicators sustained buy signals, with the RSI climbing to 60.68. All these factors indicate continued strength in the index despite consolidation.



3) Nifty Call Options Data

According to the weekly options data, the 26,000 strike holds the maximum Call open interest (with 1.14 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 26,100 strike (57.26 lakh contracts) and 26,500 strike (54.19 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 55.53 lakh contracts, followed by the 26,150 and 25,950 strikes, which added 26.85 lakh and 26.36 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,500 strike which shed 1.37 lakh contracts, followed by the 25,650 and 25,300 strikes, which shed 13,260 and 4,160 contracts, respectively.



4) Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 25,900 strike (with 61.89 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 26,000 strike (59.72 lakh contracts) and the 25,500 strike (48.57 lakh contracts).

The maximum Put writing was placed at the 25,900 strike, which saw an addition of 27.56 lakh contracts, followed by the 26,000 and 25,950 strikes, which added 26.93 lakh and 18.97 lakh contracts, respectively. There was hardly any Put unwinding seen in the 25,250-26,700 strike band.



5) Bank Nifty Call Options Data

According to the monthly options data, the 60,000 strike holds the maximum Call open interest, with 15.06 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 61,000 strike (8.28 lakh contracts) and the 60,500 strike (6.63 lakh contracts).

Maximum Call writing was observed at the 60,800 strike (with the addition of 57,420 contracts), followed by the 62,500 strike (51,480 contracts) and 60,700 strike (31,560 contracts). The maximum Call unwinding was seen at the 60,500 strike, which shed 31,410 contracts, followed by the 62,600 and 61,700 strikes which shed 27,600 and 23,190 contracts, respectively.



6) Bank Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 60,000 strike (with 22.07 lakh contracts), which can act as a key support level for the index. This was followed by the 59,000 strike (8.86 lakh contracts) and the 60,500 strike (8.14 lakh contracts).

The maximum Put writing was placed at the 60,000 strike (which added 1.86 lakh contracts), followed by the 60,500 strike (1.8 lakh contracts) and the 60,700 strike (1.6 lakh contracts). The maximum Put unwinding was seen at the 59,800 strike which shed 26,310 contracts, followed by the 59,500 and 61,500 strikes, which shed 12,540 and 8,700 contracts, respectively.



7) Funds Flow (Rs crore)



8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 1.06 on February 11, compared to 1.17 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.



9) India VIX

India VIX, also known as the fear gauge, remained in the comfort zone for bulls and signalled low market uncertainty, as it declined 1.01 percent to 11.55 and sustained below all key moving averages.



10) Long Build-up (54 Stocks)

A long build-up was seen in 54 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (27 Stocks)

27 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.



12) Short Build-up (61 Stocks)

61 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.



13) Short-Covering (66 Stocks)

66 stocks saw short-covering, meaning a decrease in OI, along with a price increase.



14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.



15) Stocks Under F&amp;amp;O Ban

Securities banned under the F&amp;amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;amp;O ban: Nil

Stocks retained in F&amp;amp;O ban: SAIL, Sammaan Capital

Stocks removed from F&amp;amp;O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

26,000 expected to be a crucial resistance zone, Imediate support placed at 25,900, Staying VIX below the 12 zone can keep bulls in a better position, FIIs gradually buying Indian equities

* 26,000 expected to be a crucial resistance zone
* Imediate support placed at 25,900
* Staying VIX below the 12 zone can keep bulls in a better position
* FIIs gradually buying Indian equities

shorts/business/technical-view-further-rally-depends-on-26-000-as-momentum-holds-vix-comforts-nifty-bulls-bank-nifty-defends-60-500

* 26,000 expected to be a crucial resistance zone
* Imediate support placed at 25,900
* Staying VIX below the 12 zone can keep bulls in a better position
* FIIs gradually buying Indian equities

The Nifty 50 maintained its uptrend for the fourth consecutive session despite consolidation and continued forming higher highs and higher lows for three days in a row on February 11. The momentum indicators maintained buy signals, while the moving averages retained an upward bias, with the 10-day EMA surpassing the 50-day EMA after crossing the 20-day and 100-day EMAs earlier this week.

Meanwhile, the fear gauge, India VIX, also maintained its downtrend and remained below all key moving averages, falling 1.01 percent to 11.55, which is gradually adding comfort for bulls. Staying below the 12 zone can keep bulls in a better position.

Further, foreign institutional investors (FIIs) have also gradually been buying Indian equities, keeping the current week's and month's flows in the green zone so far.

Hence, according to experts, the ongoing consolidation is expected to witness a strong breakout soon. Once the index convincingly surpasses and sustains above the psychological 26,000 zone, a rally toward 26,100–26,200 cannot be ruled out, while the immediate crucial support is placed at 25,900–25,800.

The Nifty 50 opened higher at 25,997 and hit an intraday high of 26,009 in early trade, but thereafter could not sustain above the psychological level. The index remained range-bound and finished at 25,954, up 19 points.

On the daily timeframe, the Nifty formed a small-bodied red candle with a lower shadow, highlighting buying interest at lower levels and continued support-based demand.

Despite the muted move, the benchmark index showed resilience as bulls strongly defended the previous day’s low zone of 25,910–25,900. “Going ahead, the immediate resistance for Nifty is placed in the 26,000–26,050 zone. Any sustainable move above this zone could result in Nifty extending its pullback towards 26,200, followed by 26,400 in the short term,” said Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.

On the downside, the 25,850–25,800 zone is likely to act as a strong support area, he added.

The weekly options data indicated that 26,000 is expected to be a crucial resistance zone, which was tested intraday on Wednesday, with immediate support at 25,900. The maximum Call open interest was observed at the 26,000 strike, followed by the 26,100 and 26,500 strikes, with maximum Call writing at the 26,000, 26,150, and 26,100 strikes. On the Put front, the 25,900 strike holds the maximum Put open interest, followed by the 26,000 and 25,500 strikes, with maximum Put writing at the 25,900, 26,000, and 25,950 strikes.

Bank Nifty

The banking index remained consolidative with range-bound trading for another session, especially after Monday's gap-up trade. In fact, the index could not fill the said bullish gap on a closing basis, though it was partially filled intraday, which is positive. Hence, the trend remains up.

Further, the index remained above all key moving averages, with all of them trending northward. The momentum indicators also maintained buy signals, with the RSI rising to 60.68. The MACD sustained its upward bias with a further uptick in the histogram.

The Bank Nifty rose 119 points (0.2 percent) to 60,745 and formed a bullish candle with a lower shadow (similar to the candles of the previous couple of sessions) on the daily charts.

Further, the index continues to exhibit strength after a decisive breakout above the falling trendline on the daily chart. “The recent consolidation near 59,500–60,000 appears healthy, with price holding above the breakout zone, indicating acceptance at higher levels,” said Vatsal Bhuva, Technical Analyst at LKP Securities.

According to him, as long as the index sustains above 59,500, a buy-on-dips strategy remains favourable, with immediate support near 59,500 and stronger support placed around the 58,000 level.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Technical View: Further rally depends on 26,000 as momentum holds; VIX comforts Nifty bulls, Bank Nifty defends 60,500

The Nifty 50 maintained its uptrend for the fourth consecutive session despite consolidation and continued forming higher highs and higher lows for three days in a row on February 11. The momentum indicators maintained buy signals, while the moving averages retained an upward bias, with the 10-day EMA surpassing the 50-day EMA after crossing the 20-day and 100-day EMAs earlier this week.

Meanwhile, the fear gauge, India VIX, also maintained its downtrend and remained below all key moving averages, falling 1.01 percent to 11.55, which is gradually adding comfort for bulls. Staying below the 12 zone can keep bulls in a better position.

Further, foreign institutional investors (FIIs) have also gradually been buying Indian equities, keeping the current week's and month's flows in the green zone so far.

Hence, according to experts, the ongoing consolidation is expected to witness a strong breakout soon. Once the index convincingly surpasses and sustains above the psychological 26,000 zone, a rally toward 26,100–26,200 cannot be ruled out, while the immediate crucial support is placed at 25,900–25,800.

The Nifty 50 opened higher at 25,997 and hit an intraday high of 26,009 in early trade, but thereafter could not sustain above the psychological level. The index remained range-bound and finished at 25,954, up 19 points.

On the daily timeframe, the Nifty formed a small-bodied red candle with a lower shadow, highlighting buying interest at lower levels and continued support-based demand.

Despite the muted move, the benchmark index showed resilience as bulls strongly defended the previous day’s low zone of 25,910–25,900. “Going ahead, the immediate resistance for Nifty is placed in the 26,000–26,050 zone. Any sustainable move above this zone could result in Nifty extending its pullback towards 26,200, followed by 26,400 in the short term,” said Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.

On the downside, the 25,850–25,800 zone is likely to act as a strong support area, he added.

The weekly options data indicated that 26,000 is expected to be a crucial resistance zone, which was tested intraday on Wednesday, with immediate support at 25,900. The maximum Call open interest was observed at the 26,000 strike, followed by the 26,100 and 26,500 strikes, with maximum Call writing at the 26,000, 26,150, and 26,100 strikes. On the Put front, the 25,900 strike holds the maximum Put open interest, followed by the 26,000 and 25,500 strikes, with maximum Put writing at the 25,900, 26,000, and 25,950 strikes.

Bank Nifty

The banking index remained consolidative with range-bound trading for another session, especially after Monday's gap-up trade. In fact, the index could not fill the said bullish gap on a closing basis, though it was partially filled intraday, which is positive. Hence, the trend remains up.

Further, the index remained above all key moving averages, with all of them trending northward. The momentum indicators also maintained buy signals, with the RSI rising to 60.68. The MACD sustained its upward bias with a further uptick in the histogram.

The Bank Nifty rose 119 points (0.2 percent) to 60,745 and formed a bullish candle with a lower shadow (similar to the candles of the previous couple of sessions) on the daily charts.

Further, the index continues to exhibit strength after a decisive breakout above the falling trendline on the daily chart. “The recent consolidation near 59,500–60,000 appears healthy, with price holding above the breakout zone, indicating acceptance at higher levels,” said Vatsal Bhuva, Technical Analyst at LKP Securities.

According to him, as long as the index sustains above 59,500, a buy-on-dips strategy remains favourable, with immediate support near 59,500 and stronger support placed around the 58,000 level.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Sensex ended down 40 points, Nifty up 18 points in a volatile session, Auto, pharma, and PSU Bank stocks gained, IT sector declined 1.7 percent, Eicher Motors surged 6.5 percent after Q3 profit rose 21 percent

* Sensex ended down 40 points, Nifty up 18 points in a volatile session
* Auto, pharma, and PSU Bank stocks gained, IT sector declined 1.7 percent
* Eicher Motors surged 6.5 percent after Q3 profit rose 21 percent

Indian benchmark indices ended largely unchanged on February 11 as gains in auto, pharma, and PSU Bank stocks offset IT weakness. Nifty reclaimed 26,000 briefly. Eicher Motors, Apollo Hospitals, and Britannia rose on strong Q3 profits; over 120 stocks hit 52-week highs.

shorts/business/taking-stock-market-ends-flat-amid-choppy-session-it-stocks-under-pressure

* Sensex ended down 40 points, Nifty up 18 points in a volatile session
* Auto, pharma, and PSU Bank stocks gained, IT sector declined 1.7 percent
* Eicher Motors surged 6.5 percent after Q3 profit rose 21 percent

In a volatile trading session on February 11, Indian benchmark indices ended largely unchanged, as gains in auto, pharma, and PSU Bank stocks offset weakness in IT shares.

Amid mixed global cues, the market opened on a positive note, with the Nifty reclaiming the 26,000 mark in the initial hour. However, the index traded within a narrow range for the rest of the session as investors remained cautious ahead of Wednesday’s US jobs report.

At close, the Sensex was down 40.28 points or 0.05 percent at 84,233.64, and the Nifty was up 18.70 points or 0.07 percent at 25,953.85.

Nifty midcap and smallcap indices ended flat.

Also Read - <a href="https://www.moneycontrol.com/news/business/msci-to-add-aditya-birla-capital-l-t-finance-to-flagship-global-index-and-drop-irctc-13823466.html">MSCI to add Aditya Birla Capital, L&amp;T Finance to flagship global index and drop IRCTC</a>

On the sectoral front Auto index jumped 1.3%, PSU Bank and pharma rose 1% each, consumer durables index up 0.5%, while IT index shed 1.7%.

Eicher Motors, Apollo Hospitals, Max Healthcare, SBI, Maruti Suzuki were among major gainers on the Nifty, while losers included Coal India, TCS, HCL Technologies, Eternal, Infosys.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/gold-etf-inflows-at-record-high-as-investors-chase-performance-seek-returns-beyond-equities-13821937.html">Gold ETF inflows at record high as investors chase performance, seek returns beyond equities</a>

In stock specific actions, Eicher Motors shares added 6.5% ad Q3 consolidated profit rises 21%, Britannia Industries share price rose 2.6% after Q3 profit rises 17%, Apollo Hospitals Enterprise share price rose 4% after Q3 profit rises 35%, Tata Motors Commercial Vehicle share price gained 3% after Indonesian subsidiary bags order, Gujarat Narmada Valley Fertilizers &amp; Chemicals shares slipped 2% as Q3 profit declines, MIC Electronics shares rose 2% on bagging order, Avantel shares jumped 2% on order win of Rs 122.58 crore.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/equity-mf-inflows-plunge-40-from-peak-as-investor-fatigue-sets-in-amid-market-grind-13822956.html">Equity MF inflows plunge 40% from peak as investor fatigue sets in amid market grind</a>

More than 120 stocks touched their 52-week highs, including Eicher Motors, Samvardhana Motherson International, Force Motors, Ashok Leyland, SBI, Indus Towers, APL Apollo, KEI Industries, Max Financial, SAIL, Torrent Pharma, Bharat Forge, Nykaa, Titan Company, Grasim Industries, MRPL, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-high-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

Outlook for February 12

Rupak De, Senior Technical Analyst at LKP Securities

The index faced resistance at 26,000, resulting in a correction from the day’s high. However, the short-term trend remains positive as it continues to hold above the immediate support at 25,800. A decisive move above 26,000 could trigger further upside toward higher levels. The technical setup remains bullish, with the RSI in a bullish crossover and the index trading above the 20DMA, supporting a positive bias.

Ajit Mishra – SVP, Research, Religare Broking

Markets traded in a lacklustre manner and ended almost unchanged, taking a breather after the recent surge. After an initial uptick, the Nifty index hovered within a narrow range for most of the session and finally closed at 25,953.85 level. Sectoral trends were mixed, keeping participants engaged, with auto, pharma and realty among the top gainers, while weakness in IT, energy and FMCG stocks restricted any meaningful upside. The broader indices moved largely in line with the benchmark and ended on a flat note, indicating limited participation beyond select pockets.

Sentiment remained cautiously positive amid mixed cues. Investors reacted to favourable earnings announcements from select companies, but muted global signals capped momentum and prevented follow-through buying. Continued foreign institutional activity has also influenced trading behaviour, resulting in a selective and stock-specific approach across sectors.

The pause in the index is largely on expected lines, and some further consolidation may unfold over the coming sessions, though the overall tone is likely to remain positive. Participants should continue to focus on stock selection and use this consolidation phase to accumulate quality names across sectors, except IT, which continues to face pressure. Within the broader market, preference remains for midcap stocks, with selective exposure to smallcaps based on relative strength and risk-reward.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Taking Stock: Market ends flat amid choppy session; IT stocks under pressure

In a volatile trading session on February 11, Indian benchmark indices ended largely unchanged, as gains in auto, pharma, and PSU Bank stocks offset weakness in IT shares.

Amid mixed global cues, the market opened on a positive note, with the Nifty reclaiming the 26,000 mark in the initial hour. However, the index traded within a narrow range for the rest of the session as investors remained cautious ahead of Wednesday’s US jobs report.

At close, the Sensex was down 40.28 points or 0.05 percent at 84,233.64, and the Nifty was up 18.70 points or 0.07 percent at 25,953.85.

Nifty midcap and smallcap indices ended flat.

Also Read - MSCI to add Aditya Birla Capital, L&amp;amp;T Finance to flagship global index and drop IRCTC

On the sectoral front Auto index jumped 1.3%, PSU Bank and pharma rose 1% each, consumer durables index up 0.5%, while IT index shed 1.7%.

Eicher Motors, Apollo Hospitals, Max Healthcare, SBI, Maruti Suzuki were among major gainers on the Nifty, while losers included Coal India, TCS, HCL Technologies, Eternal, Infosys.

Also Read - Gold ETF inflows at record high as investors chase performance, seek returns beyond equities

In stock specific actions, Eicher Motors shares added 6.5% ad Q3 consolidated profit rises 21%, Britannia Industries share price rose 2.6% after Q3 profit rises 17%, Apollo Hospitals Enterprise share price rose 4% after Q3 profit rises 35%, Tata Motors Commercial Vehicle share price gained 3% after Indonesian subsidiary bags order, Gujarat Narmada Valley Fertilizers &amp;amp; Chemicals shares slipped 2% as Q3 profit declines, MIC Electronics shares rose 2% on bagging order, Avantel shares jumped 2% on order win of Rs 122.58 crore.

Also Read - Equity MF inflows plunge 40% from peak as investor fatigue sets in amid market grind

More than 120 stocks touched their 52-week highs, including Eicher Motors, Samvardhana Motherson International, Force Motors, Ashok Leyland, SBI, Indus Towers, APL Apollo, KEI Industries, Max Financial, SAIL, Torrent Pharma, Bharat Forge, Nykaa, Titan Company, Grasim Industries, MRPL, among others. Click to View More

Outlook for February 12

Rupak De, Senior Technical Analyst at LKP Securities

The index faced resistance at 26,000, resulting in a correction from the day’s high. However, the short-term trend remains positive as it continues to hold above the immediate support at 25,800. A decisive move above 26,000 could trigger further upside toward higher levels. The technical setup remains bullish, with the RSI in a bullish crossover and the index trading above the 20DMA, supporting a positive bias.

Ajit Mishra – SVP, Research, Religare Broking

Markets traded in a lacklustre manner and ended almost unchanged, taking a breather after the recent surge. After an initial uptick, the Nifty index hovered within a narrow range for most of the session and finally closed at 25,953.85 level. Sectoral trends were mixed, keeping participants engaged, with auto, pharma and realty among the top gainers, while weakness in IT, energy and FMCG stocks restricted any meaningful upside. The broader indices moved largely in line with the benchmark and ended on a flat note, indicating limited participation beyond select pockets.

Sentiment remained cautiously positive amid mixed cues. Investors reacted to favourable earnings announcements from select companies, but muted global signals capped momentum and prevented follow-through buying. Continued foreign institutional activity has also influenced trading behaviour, resulting in a selective and stock-specific approach across sectors.

The pause in the index is largely on expected lines, and some further consolidation may unfold over the coming sessions, though the overall tone is likely to remain positive. Participants should continue to focus on stock selection and use this consolidation phase to accumulate quality names across sectors, except IT, which continues to face pressure. Within the broader market, preference remains for midcap stocks, with selective exposure to smallcaps based on relative strength and risk-reward.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

10 out of 18 years NIFTY 100 has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	26,637.52	26,682.73	26,739.32	26,580.93	26,535.72	26,479.13	26,433.92
Fibonacci	26,619.82	26,643.85	26,682.73	26,580.93	26,542.05	26,518.02	26,479.13
Camarilla	26,601.63	26,610.96	26,620.30	26,580.93	26,582.97	26,573.64	26,564.30

INDEX CONTRIBUTION - NIFTY 100

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