NIFTY CPSE

Indian equity benchmarks Sensex and Nifty are likely to open higher on February 10, tracking gains in GIFT Nifty, which was trading around 25,984.50.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

Indian benchmark indices extended gains from the previous session, supported by positive global cues and broad-based buying across sectors, after the announcement of an interim trade framework with the US that includes a reduction in reciprocal tariffs to 18 percent on several Indian goods.

At close, the Sensex was up 485.35 points or 0.58 percent at 84,065.75, and the Nifty was up 173.60 points or 0.68 percent at 25,867.30.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

GIFT Nifty was trading higher at around 25,984.50, indicating a positive opening for the day.

Asian Equities (Up)

Asian equities rose on Tuesday as a recovery in US tech stocks gathered momentum after last week’s selloff tied to concerns over massive spending on artificial intelligence.



US Equities (Rise)

The S&amp;amp;P 500 and the Nasdaq rose solidly after a shaky start on Monday, as technology stocks found their footing following last week's AI-sparked selloff, while investors waited for key economic data that could shed light on the Federal Reserve's interest-rate path.

While the Dow notched its second closing record in a row with a small gain, the S&amp;amp;P 500 ultimately finished short of its closing record.

After surpassing 50,000 points for the first time on Friday, the Dow Jones Industrial Average rose 20.20 points, or 0.04%, to 50,135.87. The S&amp;amp;P 500 gained 32.52 points, or 0.47%, to 6,964.82, and the Nasdaq Composite gained 207.46 points, or 0.90%, to 23,238.67.

The Nasdaq finished 3% below its latest record closing high, reached in November, while the S&amp;amp;P 500 was just out of reach of its last record close of 6978.60 reached on January 27.



US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were little changed at 4.19% and 3.48%, respectively.



Dollar Index (Up)

The dollar index edged up in the early trade on Tuesday, recouping some of Monday’s losses.



Asian Currencies (Mixed)

Asian currencies were trading mixed in the early trade on Tuesday.



Crude (Down)

Oil prices fell more than 0.4% in the early trade on Tuesday.



Gold (Slips)

Gold fell after two days of gains, as investors took profits in a choppy market that’s still trying to
find a floor following a historic rout.



Fund Flow Action

Foreign institutional investors (FIIs) extended their buying for a second consecutive session on February 9, purchasing equities worth ₹2,254 crore. Meanwhile, domestic institutional investors (DIIs) also turned net buyers, picking up equities worth over ₹4 crore.



Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment 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.

First Tick: Top global cues to watch in today’s trade

Geopolitical developments and commodity price volatility key market risks to monitor, Focus should be on companies that can translate policy tailwinds into sustained earnings growth rather than short-term thematic trades, Expect Q4 earnings to show further stability to improvement

* Geopolitical developments and commodity price volatility key market risks to monitor
* Focus should be on companies that can translate policy tailwinds into sustained earnings growth rather than short-term thematic trades
* Expect Q4 earnings to show further stability to improvement

shorts/business/daily-voice-geopolitical-and-commodity-risks-persist-yet-domestic-growth-stays-resilient-says-divam-sharma

* Geopolitical developments and commodity price volatility key market risks to monitor
* Focus should be on companies that can translate policy tailwinds into sustained earnings growth rather than short-term thematic trades
* Expect Q4 earnings to show further stability to improvement

According to Divam Sharma, the Co-Founder and Fund Manager at Green Portfolio PMS, geopolitical developments and commodity price volatility are key market risks to monitor. However, at this point, they are not overshadowing the underlying domestic growth momentum, he said in an interview to Moneycontrol.

After India–US interim trade agreement, for long-term investors, this is shaping up to be a good phase to increase equity exposure selectively rather than remain on the sidelines, Divam Sharma believes.

The focus should be on companies that can translate policy tailwinds into sustained earnings growth rather than short-term thematic trades, he advised.

What is your take on the India–US interim trade agreement? Do you think the worst is over for the market?

The India–US interim trade agreement is a meaningful positive for markets and reinforces India’s positioning as a preferred investment destination in global supply chains. It improves visibility for exporters and manufacturers and is also supportive for foreign institutional flows.

Domestically, growth remains resilient, corporate balance sheets are strong, and earnings are gradually broadening. After the recent correction in parts of the market, valuations in several segments now look attractive from a medium-term perspective.

While geopolitical risks remain a variable, the overall setup appears constructive. For long-term investors, this is shaping up to be a good phase to increase equity exposure selectively rather than remain on the sidelines.

Do you plan to take exposure to sectors that are beneficiaries of the India–US interim trade agreement?

Yes — we are already positioned in some of the beneficiary sectors and are selectively increasing exposure where fundamentals, order visibility, and balance-sheet strength are compelling.

We are also looking at the opportunity through a broader lens — factoring in India’s wider trade engagements, the direction from the Budget, and relative valuations. The focus remains on companies that can translate policy tailwinds into sustained earnings growth rather than short-term thematic trades.

After easing trade-related concerns, what do you see as the biggest challenges and supports for the equity market going forward?

On the support side, infrastructure spending, defense manufacturing, the energy transition, and manufacturing linked to global supply-chain diversification remain powerful structural drivers. If Budget announcements continue to be executed effectively on the ground, they should further strengthen the earnings outlook.

On the challenge front, geopolitical developments and commodity price volatility are key risks to monitor. However, at this point, they are not overshadowing the underlying domestic growth momentum.

Overall, we expect volatility to persist in the short term, but the medium-term outlook for Indian equities remains firmly positive.

Are you satisfied with the Q3 earnings performance? Do you expect the earnings recovery to continue in Q4?

Q3 earnings were encouraging and broadly in line with expectations, with improving trends across several cyclical and domestic-oriented sectors.

We expect Q4 to show further stability to improvement, supported by government spending, infrastructure activity, and healthy consumption trends. A gradually broadening earnings recovery should underpin the next leg of the market.

Are you concerned about rising oil prices?

At present levels, oil prices are not a major concern. India’s macro position is relatively comfortable, and corporate margins have room to absorb moderate fluctuations.

Of course, a sharp and sustained spike in crude would need close monitoring, but it is not our base-case scenario.

Are you avoiding the IT sector after Anthropic’s launch of a sophisticated legal-focused AI tool weighed on the space?

We have been selectively underweight IT, but we view the current phase as one of transition rather than structural decline.

AI adoption is likely to reshape service models and open up new growth avenues over time. We are watching closely for companies that demonstrate the ability to pivot quickly, protect margins, and build scalable AI-led offerings. Those leaders could present attractive opportunities as the cycle evolves.

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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Use of Artificial Intelligence

Daily Voice: Geopolitical and commodity risks persist, yet domestic growth stays resilient, says Divam Sharma

According to Divam Sharma, the Co-Founder and Fund Manager at Green Portfolio PMS, geopolitical developments and commodity price volatility are key market risks to monitor. However, at this point, they are not overshadowing the underlying domestic growth momentum, he said in an interview to Moneycontrol.

After India–US interim trade agreement, for long-term investors, this is shaping up to be a good phase to increase equity exposure selectively rather than remain on the sidelines, Divam Sharma believes.

The focus should be on companies that can translate policy tailwinds into sustained earnings growth rather than short-term thematic trades, he advised.

What is your take on the India–US interim trade agreement? Do you think the worst is over for the market?

The India–US interim trade agreement is a meaningful positive for markets and reinforces India’s positioning as a preferred investment destination in global supply chains. It improves visibility for exporters and manufacturers and is also supportive for foreign institutional flows.

Domestically, growth remains resilient, corporate balance sheets are strong, and earnings are gradually broadening. After the recent correction in parts of the market, valuations in several segments now look attractive from a medium-term perspective.

While geopolitical risks remain a variable, the overall setup appears constructive. For long-term investors, this is shaping up to be a good phase to increase equity exposure selectively rather than remain on the sidelines.

Do you plan to take exposure to sectors that are beneficiaries of the India–US interim trade agreement?

Yes — we are already positioned in some of the beneficiary sectors and are selectively increasing exposure where fundamentals, order visibility, and balance-sheet strength are compelling.

We are also looking at the opportunity through a broader lens — factoring in India’s wider trade engagements, the direction from the Budget, and relative valuations. The focus remains on companies that can translate policy tailwinds into sustained earnings growth rather than short-term thematic trades.

After easing trade-related concerns, what do you see as the biggest challenges and supports for the equity market going forward?

On the support side, infrastructure spending, defense manufacturing, the energy transition, and manufacturing linked to global supply-chain diversification remain powerful structural drivers. If Budget announcements continue to be executed effectively on the ground, they should further strengthen the earnings outlook.

On the challenge front, geopolitical developments and commodity price volatility are key risks to monitor. However, at this point, they are not overshadowing the underlying domestic growth momentum.

Overall, we expect volatility to persist in the short term, but the medium-term outlook for Indian equities remains firmly positive.

Are you satisfied with the Q3 earnings performance? Do you expect the earnings recovery to continue in Q4?

Q3 earnings were encouraging and broadly in line with expectations, with improving trends across several cyclical and domestic-oriented sectors.

We expect Q4 to show further stability to improvement, supported by government spending, infrastructure activity, and healthy consumption trends. A gradually broadening earnings recovery should underpin the next leg of the market.

Are you concerned about rising oil prices?

At present levels, oil prices are not a major concern. India’s macro position is relatively comfortable, and corporate margins have room to absorb moderate fluctuations.

Of course, a sharp and sustained spike in crude would need close monitoring, but it is not our base-case scenario.

Are you avoiding the IT sector after Anthropic’s launch of a sophisticated legal-focused AI tool weighed on the space?

We have been selectively underweight IT, but we view the current phase as one of transition rather than structural decline.

AI adoption is likely to reshape service models and open up new growth avenues over time. We are watching closely for companies that demonstrate the ability to pivot quickly, protect margins, and build scalable AI-led offerings. Those leaders could present attractive opportunities as the cycle evolves.

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.

Healthy momentum and technical indicators suggest upward market move, Nifty may march toward psychological 26,000 level, followed by 26,200 zone, Support is placed at 25,800

* Healthy momentum and technical indicators suggest upward market move
* Nifty may march toward psychological 26,000 level, followed by 26,200 zone
* Support is placed at 25,800

shorts/business/trading-plan-can-bullish-momentum-drive-nifty-50-and-bank-nifty-higher-for-a-third-straight-session

* Healthy momentum and technical indicators suggest upward market move
* Nifty may march toward psychological 26,000 level, followed by 26,200 zone
* Support is placed at 25,800

The second gap-up opening in the current month following a correction, along with healthy momentum and technical indicators, has signalled a strong market mood. Hence, experts expect the Nifty 50 to march toward the psychological 26,000 level, followed by the 26,200 zone in the upcoming sessions, as long as it holds the 25,800 support. A fall below this level could drag the index toward 25,641. Meanwhile, the Bank Nifty is likely to surpass the 61,000 zone, followed by 61,765 (the record high seen last week). However, immediate support is placed at 60,500–60,400, followed by 60,150.

On February 9, the Nifty 50 surged 174 points (0.68 percent) to 25,867, while the Bank Nifty rallied 549 points (0.91 percent) to 60,669. Market breadth turned strong after recent weakness, with about 2,324 shares backed by bulls against 612 shares supported by bears on the NSE.

Nifty Outlook and Strategy

Jay Thakkar, Head of Derivatives and Quant Research and Vice President at ICICI Securities

The Nifty has closed well above the 25,800 level, indicating that the uptrend is likely to continue, as a close above 25,800 increases the likelihood of the index heading toward 26,000 levels. The highest Call base on an immediate basis is at the 26,000 level, so above this, the index could gain further momentum; otherwise, it may consolidate within a range of 25,700–26,000. Below 25,700, the next support lies at 25,500, which is very important, as a break below this level carries the risk of the entire gap being filled toward 25,100. However, this is less likely if the uptrend is to continue.

The broader market has performed well, and the index PCR has jumped beyond 1, indicating bullishness in the near term. Overall market sentiment remains positive. India VIX has also cooled off from its recent high of 16, and is now likely to trade in the 10–15 range. As long as it does not close above 15, markets are likely to trade with a sideways-to-positive bias.

FII index shorts have declined from around 2 lakh contracts, indicating short covering, while participation in the equity cash segment has also improved, suggesting support at lower levels. Hence, the strategy should be to buy at current levels as well as on dips, as long as 25,500 is held on a closing basis.

Key Resistance: 26,000, 26,200

Key Support: 25,700, 25,500

Strategy: Buy Nifty Futures at CMP of 25,867 and on dips near 25,750, with a stop-loss of 25,490 on a closing basis, targeting 26,000 and 26,200.

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

In the latest trading session, the sharp recovery from intraday lows reflects aggressive buying interest at lower levels and reinforces the underlying strength in the market.

From a technical perspective, the index found strong support in the 25,500–25,600 zone, which coincides with the confluence of the 20-day and 50-day DEMA, an area that continues to act as a demand zone. On the daily chart, a bullish divergence in the RSI is visible, indicating strengthening momentum and hinting at potential upside in the coming sessions.

On the derivatives front, the Put–Call Ratio (PCR) rebounded sharply to 1.05 after slipping to 0.80 intraday, signalling improved sentiment and a more balanced positioning structure.

Collectively, these technical and derivative indicators suggest a possible continuation of bullish momentum, provided the index sustains above key support levels.

Key Resistance: 26,000, 26,150

Key Support: 25,700, 25,600

Strategy: Buy Nifty Futures in the 25,900–25,800 zone, with a stop-loss of 25,600, targeting 26,250.

Aditya Thukral, Founder &amp; Analyst of AT Research &amp; Risk Managers

The Nifty 50 has managed to close above the 20-day EMA in three out of the last four trading sessions. This was expected to maintain the bullish stance on the index, and given the recent price action following a strong gap-up, maintaining a bullish outlook appears justified.

The index has been closing above all major EMAs—20-day, 50-day, 100-day, and 200-day—over the past few sessions, with all EMAs sloping upward, which is a positive sign. Strengthening market breadth, which has been improving over the last few days, further supports the view that buying momentum is gaining traction after a patchy phase over the past two to three months.

In the derivatives segment, aggressive long build-up and mild short covering point to a bullish bias. Any dip toward the 25,700–25,800 support zone could be a buying opportunity over the next couple of days.

Key Resistance: 25,950, 26,150

Key Support: 25,750, 25,550

Strategy: Buy Nifty Futures on dips around 25,820 with a stop-loss of 25,699, targeting 26,000.

Bank Nifty - Outlook and Positioning

Jay Thakkar, Head of Derivatives and Quant Research and Vice President at ICICI Securities

The Bank Nifty has bounced back strongly with improved data. The 60,000 strike currently has the highest Put base, and as long as it remains intact, the short-term trend remains positive. On the upside, the 61,000 strike has the highest Call base, indicating a short-term range of 60,000–61,000.

The Bank Nifty PCR has also improved and remains well above 1, signalling positive short-term sentiment. Public sector banks continue to outperform, while selling pressure in private sector banks has eased. As a result, short covering in private sector banks cannot be ruled out, which could help the index move beyond the 61,000 level.

Key Resistance; 61,000, 63,000

Key Support: 60,000, 59,500

Strategy: Buy at CMP and on dips near 60,000, with a stop-loss below 59,500, targeting 62,000 and 63,000.

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

From a technical perspective, the Bank Nifty index found robust support in the 59,800–60,000 zone. This region coincides with a previous breakout area as well as falling trendline support, reinforcing it as a strong demand zone. Additionally, the daily RSI is trending higher and sustaining above the 50 mark, indicating strengthening bullish momentum.

On the derivatives front, the Put–Call Ratio (PCR) improved to 1.01 after slipping to 0.92 intraday, suggesting stabilising sentiment and a more balanced positioning structure.

Taken together, these technical and derivatives indicators point toward the continuation of bullish momentum in the near term, provided the index sustains above the 60,300–60,400 support zone.

Key Resistance: 60,900, 61,000

Key Support: 60,400, 60,300

Strategy: Buy Bank Nifty Futures in the 60,750–60,600 zone, with a stop-loss of 60,250, targeting 61,500.

Aditya Thukral, Founder &amp; Analyst of AT Research &amp; Risk Managers

Prices have been able to sustain above the breakout from the falling trendline in the banking index and are now witnessing follow-up buying after a strong gap-up, further strengthening the bullish outlook. An intact uptrend marked by higher highs and higher lows makes the index a buy-on-dips candidate.

Prices have been closing above all major EMAs—20-day, 50-day, 100-day, and 200-day—with all EMAs sloping higher. The 14-period RSI is hovering near the 60 level, and further strength in prices can be expected as it is still not close to the overbought zone.

A sideways-to-positive price action may emerge, as derivatives positioning indicates mild short covering by traders.

Key Resistance: 60,900, 61,000

Key Support: 60,300, 59,800

Strategy: Buy Bank Nifty Futures on dips around 60,450 with a stop-loss of 60,150, targeting 60,900.

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: Can bullish momentum drive Nifty 50 and Bank Nifty higher for a third straight session?

The second gap-up opening in the current month following a correction, along with healthy momentum and technical indicators, has signalled a strong market mood. Hence, experts expect the Nifty 50 to march toward the psychological 26,000 level, followed by the 26,200 zone in the upcoming sessions, as long as it holds the 25,800 support. A fall below this level could drag the index toward 25,641. Meanwhile, the Bank Nifty is likely to surpass the 61,000 zone, followed by 61,765 (the record high seen last week). However, immediate support is placed at 60,500–60,400, followed by 60,150.

On February 9, the Nifty 50 surged 174 points (0.68 percent) to 25,867, while the Bank Nifty rallied 549 points (0.91 percent) to 60,669. Market breadth turned strong after recent weakness, with about 2,324 shares backed by bulls against 612 shares supported by bears on the NSE.

Nifty Outlook and Strategy

Jay Thakkar, Head of Derivatives and Quant Research and Vice President at ICICI Securities

The Nifty has closed well above the 25,800 level, indicating that the uptrend is likely to continue, as a close above 25,800 increases the likelihood of the index heading toward 26,000 levels. The highest Call base on an immediate basis is at the 26,000 level, so above this, the index could gain further momentum; otherwise, it may consolidate within a range of 25,700–26,000. Below 25,700, the next support lies at 25,500, which is very important, as a break below this level carries the risk of the entire gap being filled toward 25,100. However, this is less likely if the uptrend is to continue.

The broader market has performed well, and the index PCR has jumped beyond 1, indicating bullishness in the near term. Overall market sentiment remains positive. India VIX has also cooled off from its recent high of 16, and is now likely to trade in the 10–15 range. As long as it does not close above 15, markets are likely to trade with a sideways-to-positive bias.

FII index shorts have declined from around 2 lakh contracts, indicating short covering, while participation in the equity cash segment has also improved, suggesting support at lower levels. Hence, the strategy should be to buy at current levels as well as on dips, as long as 25,500 is held on a closing basis.

Key Resistance: 26,000, 26,200

Key Support: 25,700, 25,500

Strategy: Buy Nifty Futures at CMP of 25,867 and on dips near 25,750, with a stop-loss of 25,490 on a closing basis, targeting 26,000 and 26,200.

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

In the latest trading session, the sharp recovery from intraday lows reflects aggressive buying interest at lower levels and reinforces the underlying strength in the market.

From a technical perspective, the index found strong support in the 25,500–25,600 zone, which coincides with the confluence of the 20-day and 50-day DEMA, an area that continues to act as a demand zone. On the daily chart, a bullish divergence in the RSI is visible, indicating strengthening momentum and hinting at potential upside in the coming sessions.

On the derivatives front, the Put–Call Ratio (PCR) rebounded sharply to 1.05 after slipping to 0.80 intraday, signalling improved sentiment and a more balanced positioning structure.

Collectively, these technical and derivative indicators suggest a possible continuation of bullish momentum, provided the index sustains above key support levels.

Key Resistance: 26,000, 26,150

Key Support: 25,700, 25,600

Strategy: Buy Nifty Futures in the 25,900–25,800 zone, with a stop-loss of 25,600, targeting 26,250.

Aditya Thukral, Founder &amp;amp; Analyst of AT Research &amp;amp; Risk Managers

The Nifty 50 has managed to close above the 20-day EMA in three out of the last four trading sessions. This was expected to maintain the bullish stance on the index, and given the recent price action following a strong gap-up, maintaining a bullish outlook appears justified.

The index has been closing above all major EMAs—20-day, 50-day, 100-day, and 200-day—over the past few sessions, with all EMAs sloping upward, which is a positive sign. Strengthening market breadth, which has been improving over the last few days, further supports the view that buying momentum is gaining traction after a patchy phase over the past two to three months.

In the derivatives segment, aggressive long build-up and mild short covering point to a bullish bias. Any dip toward the 25,700–25,800 support zone could be a buying opportunity over the next couple of days.

Key Resistance: 25,950, 26,150

Key Support: 25,750, 25,550

Strategy: Buy Nifty Futures on dips around 25,820 with a stop-loss of 25,699, targeting 26,000.

Bank Nifty - Outlook and Positioning

Jay Thakkar, Head of Derivatives and Quant Research and Vice President at ICICI Securities

The Bank Nifty has bounced back strongly with improved data. The 60,000 strike currently has the highest Put base, and as long as it remains intact, the short-term trend remains positive. On the upside, the 61,000 strike has the highest Call base, indicating a short-term range of 60,000–61,000.

The Bank Nifty PCR has also improved and remains well above 1, signalling positive short-term sentiment. Public sector banks continue to outperform, while selling pressure in private sector banks has eased. As a result, short covering in private sector banks cannot be ruled out, which could help the index move beyond the 61,000 level.

Key Resistance; 61,000, 63,000

Key Support: 60,000, 59,500

Strategy: Buy at CMP and on dips near 60,000, with a stop-loss below 59,500, targeting 62,000 and 63,000.

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

From a technical perspective, the Bank Nifty index found robust support in the 59,800–60,000 zone. This region coincides with a previous breakout area as well as falling trendline support, reinforcing it as a strong demand zone. Additionally, the daily RSI is trending higher and sustaining above the 50 mark, indicating strengthening bullish momentum.

On the derivatives front, the Put–Call Ratio (PCR) improved to 1.01 after slipping to 0.92 intraday, suggesting stabilising sentiment and a more balanced positioning structure.

Taken together, these technical and derivatives indicators point toward the continuation of bullish momentum in the near term, provided the index sustains above the 60,300–60,400 support zone.

Key Resistance: 60,900, 61,000

Key Support: 60,400, 60,300

Strategy: Buy Bank Nifty Futures in the 60,750–60,600 zone, with a stop-loss of 60,250, targeting 61,500.

Aditya Thukral, Founder &amp;amp; Analyst of AT Research &amp;amp; Risk Managers

Prices have been able to sustain above the breakout from the falling trendline in the banking index and are now witnessing follow-up buying after a strong gap-up, further strengthening the bullish outlook. An intact uptrend marked by higher highs and higher lows makes the index a buy-on-dips candidate.

Prices have been closing above all major EMAs—20-day, 50-day, 100-day, and 200-day—with all EMAs sloping higher. The 14-period RSI is hovering near the 60 level, and further strength in prices can be expected as it is still not close to the overbought zone.

A sideways-to-positive price action may emerge, as derivatives positioning indicates mild short covering by traders.

Key Resistance: 60,900, 61,000

Key Support: 60,300, 59,800

Strategy: Buy Bank Nifty Futures on dips around 60,450 with a stop-loss of 60,150, targeting 60,900.

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.

Momentum indicators align with the rally, Nifty 50 sustains above all key moving averages, Index may rally toward the 26,000–26,200 levels in upcoming sessions

* Momentum indicators align with the rally
* Nifty 50 sustains above all key moving averages
* Index may rally toward the 26,000–26,200 levels in upcoming sessions

shorts/business/trade-setup-for-february-10-top-15-things-to-know-before-the-opening-bell

* Momentum indicators align with the rally
* Nifty 50 sustains above all key moving averages
* Index may rally toward the 26,000–26,200 levels in upcoming sessions

The Nifty 50 extended its upward journey by starting the week with a gap-up opening following the India–US interim trade agreement. The index rose 0.7 percent on February 9, supported by strong market breadth. Momentum indicators aligned with the rally, while the index sustained above all key moving averages. Hence, the benchmark index may rally toward the 26,000–26,200 levels in the upcoming sessions, provided it defends 25,780 (Monday’s low). Below this, 25,641 (the upper end of the bullish gap of February 3) will be the key support level to watch, experts said.

<img class="alignnone size-full wp-image-13820155 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183352_Image109022026.jpg" alt="Image109022026" 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> (25,867)

Resistance based on pivot points: 25,911, 25,944, and 25,998

Support based on pivot points: 25,803, 25,769, and 25,716

Special Formation: The Nifty formed a bearish candle with a lower shadow on the daily timeframe after a gap-up opening, indicating buying interest at lower levels despite minor profit booking at higher zones. The index sustained above all key moving averages, with short-term moving averages trending northward. The RSI climbed to 56.2 with a bullish crossover, while the MACD maintained its uptrend with a further increase in the histogram. All this indicates a continuation of positive momentum.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (60,669)

Resistance based on pivot points: 60,826, 60,916, and 61,061

Support based on pivot points: 60,535, 60,445, and 60,300

Resistance based on Fibonacci retracement: 61,148, 62,060

Support based on Fibonacci retracement: 60,000, 59,452

Special Formation: The Bank Nifty closed strong with nearly a one percent rally, reporting a bearish candle with a lower shadow on the daily charts after a strong gap-up opening, indicating consolidation near the upper Bollinger Bands. The index witnessed another strong gap-up trade in the current month. All key moving averages trended upward, while the momentum indicator RSI jumped above the 60 zone, and the MACD maintained a positive crossover with a further uptick in the histogram. All this indicates sustained bullish strength.

<img class="alignnone size-full wp-image-13820156 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183413_Image209022026.jpg" alt="Image209022026" 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 1.91 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 25,900 strike (1.14 crore contracts) and 26,500 strike (90.69 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 47.25 lakh contracts, followed by the 25,900 and 25,450 strikes, which added 47.13 lakh and 35.39 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,700 strike which shed 67.35 lakh contracts, followed by the 25,600 and 25,750 strikes, which shed 40.41 lakh and 32.4 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13820157 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183432_Image509022026.jpg" alt="Image509022026" width="1254" height="341" />

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 25,800 strike (with 1.38 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 25,500 strike (1.038 crore contracts) and the 25,700 strike (1.032 crore contracts).

The maximum Put writing was placed at the 25,800 strike, which saw an addition of 1.04 crore contracts, followed by the 25,850 and 25,750 strikes, which added 68.82 lakh and 53.92 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,500 strike, which shed 16.25 lakh contracts, followed by the 25,600 and 25,200 strikes, which shed 16.01 lakh and 3.58 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13820158 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183452_Image609022026.jpg" alt="Image609022026" width="1249" height="342" />

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 15.29 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 61,000 strike (6.95 lakh contracts) and the 60,500 strike (6.48 lakh contracts).

Maximum Call writing was observed at the 60,700 strike (with the addition of 2.76 lakh contracts), followed by the 60,600 strike (1.14 lakh contracts) and 60,800 strike (66,480 contracts). The maximum Call unwinding was seen at the 60,000 strike, which shed 1.44 lakh contracts, followed by the 60,200 and 60,100 strikes which shed 1.28 lakh and 1.15 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13820159 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183513_Image709022026.jpg" alt="Image709022026" width="1266" height="341" />

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 19.84 lakh contracts), which can act as a key support level for the index. This was followed by the 59,000 strike (7.94 lakh contracts) and the 60,500 strike (5.3 lakh contracts).

The maximum Put writing was placed at the 60,700 strike (which added 2.86 lakh contracts), followed by the 60,500 strike (2.4 lakh contracts) and the 60,600 strike (1.35 lakh contracts). The maximum Put unwinding was seen at the 59,800 strike which shed 25,710 contracts, followed by the 59,900 and 60,100 strikes, which shed 19,530 and 9,090 contracts, respectively.

<img class="alignnone size-full wp-image-13820160 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183530_Image809022026.jpg" alt="Image809022026" width="1261" height="340" />

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-13820161 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183549_Image909022026.jpg" alt="Image909022026" width="1042" height="399" />

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, climbed to 1.11 on February 9, compared to 0.96 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-13820162 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183609_Image309022026.jpg" alt="Image309022026" width="1251" height="502" />

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, rebounded 2.09 percent to 12.19 after a five-day losing streak but remained below the 200-day EMA and short-term moving averages, signaling comfort for bulls. Any further fall below the 11 zone could bring major comfort for bulls.

<img class="alignnone size-full wp-image-13820163 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183627_Image409022026.jpg" alt="Image409022026" width="1281" height="684" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (108 Stocks)</a>

A long build-up was seen in 108 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13820164 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183645_Image1009022026.jpg" alt="Image1009022026" width="558" height="235" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (9 Stocks)</a>

9 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13820165 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183703_Image1109022026.jpg" alt="Image1109022026" width="546" height="214" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (20 Stocks)</a>

20 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-13820166 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183720_Image1209022026.jpg" alt="Image1209022026" width="558" height="235" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (75 Stocks)</a>

75 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13820167 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183738_Image1309022026.jpg" alt="Image1309022026" width="552" height="235" />

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-13820168 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209183757_Image1409022026.jpg" alt="Image1409022026" width="743" height="235" />

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: SAIL

Stocks retained in F&amp;O ban: 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 10: Top 15 things to know before the opening bell

The Nifty 50 extended its upward journey by starting the week with a gap-up opening following the India–US interim trade agreement. The index rose 0.7 percent on February 9, supported by strong market breadth. Momentum indicators aligned with the rally, while the index sustained above all key moving averages. Hence, the benchmark index may rally toward the 26,000–26,200 levels in the upcoming sessions, provided it defends 25,780 (Monday’s low). Below this, 25,641 (the upper end of the bullish gap of February 3) will be the key support level to watch, experts said.



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

1) Key Levels For The Nifty 50 (25,867)

Resistance based on pivot points: 25,911, 25,944, and 25,998

Support based on pivot points: 25,803, 25,769, and 25,716

Special Formation: The Nifty formed a bearish candle with a lower shadow on the daily timeframe after a gap-up opening, indicating buying interest at lower levels despite minor profit booking at higher zones. The index sustained above all key moving averages, with short-term moving averages trending northward. The RSI climbed to 56.2 with a bullish crossover, while the MACD maintained its uptrend with a further increase in the histogram. All this indicates a continuation of positive momentum.

2) Key Levels For The Bank Nifty (60,669)

Resistance based on pivot points: 60,826, 60,916, and 61,061

Support based on pivot points: 60,535, 60,445, and 60,300

Resistance based on Fibonacci retracement: 61,148, 62,060

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

Special Formation: The Bank Nifty closed strong with nearly a one percent rally, reporting a bearish candle with a lower shadow on the daily charts after a strong gap-up opening, indicating consolidation near the upper Bollinger Bands. The index witnessed another strong gap-up trade in the current month. All key moving averages trended upward, while the momentum indicator RSI jumped above the 60 zone, and the MACD maintained a positive crossover with a further uptick in the histogram. All this indicates sustained bullish strength.



3) Nifty Call Options Data

According to the weekly options data, the 26,000 strike holds the maximum Call open interest (with 1.91 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 25,900 strike (1.14 crore contracts) and 26,500 strike (90.69 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 47.25 lakh contracts, followed by the 25,900 and 25,450 strikes, which added 47.13 lakh and 35.39 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,700 strike which shed 67.35 lakh contracts, followed by the 25,600 and 25,750 strikes, which shed 40.41 lakh and 32.4 lakh contracts, respectively.



4) Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 25,800 strike (with 1.38 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 25,500 strike (1.038 crore contracts) and the 25,700 strike (1.032 crore contracts).

The maximum Put writing was placed at the 25,800 strike, which saw an addition of 1.04 crore contracts, followed by the 25,850 and 25,750 strikes, which added 68.82 lakh and 53.92 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,500 strike, which shed 16.25 lakh contracts, followed by the 25,600 and 25,200 strikes, which shed 16.01 lakh and 3.58 lakh contracts, respectively.



5) Bank Nifty Call Options Data

According to the monthly options data, the 60,000 strike holds the maximum Call open interest, with 15.29 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 61,000 strike (6.95 lakh contracts) and the 60,500 strike (6.48 lakh contracts).

Maximum Call writing was observed at the 60,700 strike (with the addition of 2.76 lakh contracts), followed by the 60,600 strike (1.14 lakh contracts) and 60,800 strike (66,480 contracts). The maximum Call unwinding was seen at the 60,000 strike, which shed 1.44 lakh contracts, followed by the 60,200 and 60,100 strikes which shed 1.28 lakh and 1.15 lakh 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 19.84 lakh contracts), which can act as a key support level for the index. This was followed by the 59,000 strike (7.94 lakh contracts) and the 60,500 strike (5.3 lakh contracts).

The maximum Put writing was placed at the 60,700 strike (which added 2.86 lakh contracts), followed by the 60,500 strike (2.4 lakh contracts) and the 60,600 strike (1.35 lakh contracts). The maximum Put unwinding was seen at the 59,800 strike which shed 25,710 contracts, followed by the 59,900 and 60,100 strikes, which shed 19,530 and 9,090 contracts, respectively.



7) Funds Flow (Rs crore)



8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, climbed to 1.11 on February 9, compared to 0.96 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, rebounded 2.09 percent to 12.19 after a five-day losing streak but remained below the 200-day EMA and short-term moving averages, signaling comfort for bulls. Any further fall below the 11 zone could bring major comfort for bulls.



10) Long Build-up (108 Stocks)

A long build-up was seen in 108 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (9 Stocks)

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



12) Short Build-up (20 Stocks)

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



13) Short-Covering (75 Stocks)

75 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: SAIL

Stocks retained in F&amp;amp;O ban: 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.

FIIs net bought Indian equities worth Rs 2255 crore on February 9, Nifty rose 0.7%, PSU Bank index hit new high, SBI surged nearly 7%, Midcap and Smallcap indices outperformed, gaining 1.6% and 2.6% respectively

* FIIs net bought Indian equities worth Rs 2255 crore on February 9
* Nifty rose 0.7%, PSU Bank index hit new high, SBI surged nearly 7%
* Midcap and Smallcap indices outperformed, gaining 1.6% and 2.6% respectively

FIIs were net buyers of Indian equities worth Rs 2,255 crore on Feb 9, while DIIs bought Rs 4 crore. Nifty rose 0.7%, led by PSU banks and metals. SBI surged after strong Q3 results. Positive global cues and India-US trade framework boosted sentiment.

shorts/business/fiis-fpis-net-buy-indian-equities-worth-rs-2255-crore-exceeding-diis-at-rs-4-crore

* FIIs net bought Indian equities worth Rs 2255 crore on February 9
* Nifty rose 0.7%, PSU Bank index hit new high, SBI surged nearly 7%
* Midcap and Smallcap indices outperformed, gaining 1.6% and 2.6% respectively

On Monday, February 9, Foreign Institutional Investors (FIIs/FPIs) stood net buyers of Indian equities worth Rs 2255 crore while Domestic Institutional Investors pumped in Rs 4 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 13,573 crore and sold shares worth Rs 13,569 crore. In contrast, FIIs bought shares worth Rs 16,066 crore but sold shares totaling Rs 13,811 crore.

For the year so far, FPI/FIIs have been net sellers of shares worth Rs 37,997 crore, while DIIs have net bought shares worth Rs 72,107 crore.

Market Performance

Indian equity markets extended gains for the second consecutive session, with the Nifty rising 0.7%, supported by positive global cues. Asian markets rallied on Monday morning, with Japan leading gains after a decisive political victory that pushed its key indices to record levels. Sentiment was further boosted after the fine print of the interim India–US trade framework was announced, which helped lift investor confidence. Broader markets outperformed, with the Midcap index gaining 1.6% and the Smallcap index advancing 2.6%.

Reflecting on the market performance today, Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services, said: "Sectoral performance was broadly positive, with all indices ending in the green. Nifty PSU Bank led the gains, rising 3.3% and hitting a new high. SBI surged nearly 7% to a record high after reporting better-than-expected Q3 results &amp; management raising FY26 growth guidance to 13-15%, lifting the overall PSU banking space. Metal stocks also remained firm, with the Nifty Metal index rising 1.6%. Foreign institutional investors were net buyers, purchasing equities worth ₹1,950 crore on Friday, providing additional support to market sentiment. Meanwhile, Brent crude prices declined ~1%, aiding oil-related sectors. Overall, we expect the market to continue its gradual upmove, with stock-specific action likely to remain in focus as the third-quarter earnings season approaches its final leg, with several companies scheduled to announce results this week, while US export beneficiaries—on the back of the trade deal—and metal companies are expected to remain in focus."

FIIs/FPIs net buy Indian equities worth Rs 2255 crore, exceeding DIIs at Rs 4 crore

On Monday, February 9, Foreign Institutional Investors (FIIs/FPIs) stood net buyers of Indian equities worth Rs 2255 crore while Domestic Institutional Investors pumped in Rs 4 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 13,573 crore and sold shares worth Rs 13,569 crore. In contrast, FIIs bought shares worth Rs 16,066 crore but sold shares totaling Rs 13,811 crore.

For the year so far, FPI/FIIs have been net sellers of shares worth Rs 37,997 crore, while DIIs have net bought shares worth Rs 72,107 crore.

Market Performance

Indian equity markets extended gains for the second consecutive session, with the Nifty rising 0.7%, supported by positive global cues. Asian markets rallied on Monday morning, with Japan leading gains after a decisive political victory that pushed its key indices to record levels. Sentiment was further boosted after the fine print of the interim India–US trade framework was announced, which helped lift investor confidence. Broader markets outperformed, with the Midcap index gaining 1.6% and the Smallcap index advancing 2.6%.

Reflecting on the market performance today, Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services, said: &quot;Sectoral performance was broadly positive, with all indices ending in the green. Nifty PSU Bank led the gains, rising 3.3% and hitting a new high. SBI surged nearly 7% to a record high after reporting better-than-expected Q3 results &amp;amp; management raising FY26 growth guidance to 13-15%, lifting the overall PSU banking space. Metal stocks also remained firm, with the Nifty Metal index rising 1.6%. Foreign institutional investors were net buyers, purchasing equities worth ₹1,950 crore on Friday, providing additional support to market sentiment. Meanwhile, Brent crude prices declined ~1%, aiding oil-related sectors. Overall, we expect the market to continue its gradual upmove, with stock-specific action likely to remain in focus as the third-quarter earnings season approaches its final leg, with several companies scheduled to announce results this week, while US export beneficiaries—on the back of the trade deal—and metal companies are expected to remain in focus.&quot;

6 out of 12 years NIFTY CPSE has given positive returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	6,931.82	6,961.58	6,981.72	6,911.68	6,881.92	6,861.78	6,832.02
Fibonacci	6,930.75	6,942.52	6,961.58	6,911.68	6,892.62	6,880.85	6,861.78
Camarilla	6,906.62	6,911.20	6,915.77	6,911.68	6,897.48	6,892.90	6,888.33

INDEX CONTRIBUTION - NIFTY CPSE

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