NIFTY MIDCAP 50

Nifty 50 to continue its upward move toward the 26,000 zone, Below 26,000, range-bound trading may continue with 25,800 acting as support, Bank Nifty needs to hold 60,500 for a move toward the 61,000–61,500 levels

* Nifty 50 to continue its upward move toward the 26,000 zone
* Below 26,000, range-bound trading may continue with 25,800 acting as support
* Bank Nifty needs to hold 60,500 for a move toward the 61,000–61,500 levels

shorts/business/trading-plan-can-nifty-50-scale-above-26-000-bank-nifty-rebound-to-61-000

* Nifty 50 to continue its upward move toward the 26,000 zone
* Below 26,000, range-bound trading may continue with 25,800 acting as support
* Bank Nifty needs to hold 60,500 for a move toward the 61,000–61,500 levels

Considering the momentum indicators that aligned with the market rally, moving averages trending higher, and the VIX making bulls comfortable, the Nifty 50 is expected to continue its upward move toward the 26,000 zone, as sustaining above it can open the door for 26,200 and a record high. Until then, below 26,000, range-bound trading may continue with 25,800 acting as support. Meanwhile, the Bank Nifty needs to hold 60,500 for a move toward the 61,000–61,500 levels; however, falling decisively below it can bring consolidation, according to experts.

On February 10, the Nifty 50 rose 68 points (0.26 percent) to 25,935, while the Bank Nifty fell 43 points to 60,626. Market breadth was dominated by bulls. A total of 1,826 shares gained against 1,100 declining shares on the NSE.

Nifty Outlook and Strategy

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Despite the weekly F&amp;O expiry, the Nifty failed to show significant momentum in one direction, and stock-specific action was seen amid the ongoing quarterly result season. India VIX also dropped by more than 4 percent in the previous session, suggesting a reduction in anxiousness.

On the daily chart, after finding support near the middle Bollinger Bands, Nifty has been moving up gradually during this up move. Overall momentum has reduced, as the index has been trading with gaps over the past two sessions and has failed to show meaningful intraday follow-through. Prices are now approaching the upper Bollinger Bands placed near the 26,060 level. A decisive breakout above this level could lead to fresh buying.

The overall trend for Nifty remains buy-on-dips as long as the index holds above the key support of 25,728, with upside targets of 26,060 or higher.

Key Resistance: 26,060

Key Support: 25,728

Strategy: Long positions can be created if Nifty moves towards 25,870–25,890 and reverses on the 5-minute chart, with a stop-loss of 25,780 and targets of 25,970–26,060 levels.

Aditya Thukral, Founder &amp; Analyst of AT Research &amp; Risk Managers

Nifty 50 has now been seen consistently closing above all the major EMAs, i.e., the 20-day, 50-day, 100-day, and 200-day, over the past few trading sessions, with all the EMAs sloping upwards. Along with that, the continued formation of higher highs and higher lows suggests an intact uptrend in index prices. Despite the sideways market in Tuesday's trading, market breadth continued to improve mostly on all parameters, which is an encouraging sign for bulls.

On the derivatives front, aggressive writing in Call and Put options has been seen as the market approaches the psychological resistance of 26,000, which suggests limited immediate upside. However, the bias remains bullish as sellers do not appear confident, while buyers seem to be in control of the markets.

Key Resistance: 26,000, 26,200

Key Support: 25,780, 25,650

Strategy: Buy Nifty Futures on dips around 25,890 with a stop-loss of 25,790, targeting 26,100.

Preeti K Chabra, Founder of Trade Delta

On the daily timeframe, Nifty has formed a bullish candle and continues to maintain a higher high–higher low structure, reinforcing the ongoing uptrend. The index is trading comfortably above the 40-day EMA at 25,658 and the 20-day SMA (middle Bollinger Band) at 25,461, clearly indicating sustained bullish momentum.

On the upside, immediate resistance is placed at 26,000, followed by 26,200. On the downside, 25,814 acts as the first line of support, with the next support placed at 25,723.

The daily RSI at 57.5 is trading above its signal line, further supporting the bullish bias. On the weekly timeframe, Nifty continues to trend upward and is trading above the 20-day SMA (middle Bollinger Band) at 25,726, suggesting a positive medium-term outlook.

From a derivatives perspective, weekly options data indicates unwinding in in-the-money Call options, pointing towards strengthening bullish momentum.

Overall, the broader market structure remains bullish, and a buy-on-dips strategy appears favourable for the index.

Key Resistance: 26,000, 26,200

Key Support: 25,814, 25,723

Strategy: Consider buying Nifty Futures near 25,814 for a target of 26,000 followed by 26,200, with a stop-loss of 25,723.

Bank Nifty - Outlook and Positioning

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Bank Nifty opened the week on a strong note, supported by the interim trade deal announced with the US, which includes a reduction of reciprocal tariffs to 18 percent on several Indian goods. Post major events and market-moving triggers, the index is now entering a phase of caution. Among banks, PSU banks continued to outperform private sector banks, providing relative strength to the index.

On the daily chart, ADX has dropped below 25 and is now showing readings of 24, suggesting an overall reduction in volatility, which justifies the range-bound action happening in the index despite the positive undertone. For now, a decisive breakout above the 60,900 level is essential for fresh buying to emerge. A successful move beyond this resistance zone could pave the way for a rally towards the previous record high of 61,764 levels. Until then, the index may remain range-bound within the 60,500–60,900 levels.

A break below 60,500 can result in an attempt at gap filling. A break above 60,900 can result in a fresh course of buying.

Key Resistance: 61,700

Key Support: 60,500

Strategy: Long positions can be created above 60,900 with a stop-loss of 60,550 and targets of 61,250 followed by 61,500 levels.

Aditya Thukral, Founder &amp; Analyst of AT Research &amp; Risk Managers

After Monday’s gap-up, the banking index remained largely sideways, which is a natural phenomenon, and prices consolidating around the tops keep the buyers active, especially if the active trend has been positive. Prices are consistently closing above all the major EMAs — the 20-day, 50-day, 100-day, and 200-day — with all the EMAs sloping higher, and clear formations of higher highs and higher lows are imminent signals of an established uptrend.

As we have been witnessing sideways action over the past couple of trading days, a continuation of the uptrend is expected to emerge in the days to come, and the strategy remains buy-on-dips for Bank Nifty. A sideways to positive price action appears to be in play as positioning in the derivatives segment shows mild short covering by traders.

Key Resistances: 60,900, 61,400

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.

Preeti K Chabra, Founder of Trade Delta

Bank Nifty formed a bearish candle on the daily chart; however, it continues to trade above the 40-day EMA at 59,483 and the 20-day SMA (middle Bollinger Band) at 59,609, which indicates that the underlying trend remains bullish.

The index has retraced to the 23.6 percent Fibonacci retracement level at 60,677, measured from the November 7 low of 57,157 to the February 3 high of 61,764, making this level a crucial resistance to watch. A sustained close above this zone over the next few trading sessions would likely add further bullish momentum to Bank Nifty.

The daily RSI at 59.7 is trading above its signal line, supporting the positive bias. From a derivatives perspective, weekly options data indicates unwinding in in-the-money Call options, suggesting strengthening bullish sentiment.

Overall, the broader market structure remains bullish, and a buy-on-dips strategy remains advisable for the index.

Key Resistance: 60,797, 60,876

Key Support: 60,446, 60,233

Strategy: Buy Bank Nifty Futures near the cash reference level of 60,446 for an upside target of 60,797 followed by 60,876, while maintaining a stop-loss at 60,233.

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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Trading Plan: Can Nifty 50 scale above 26,000, Bank Nifty rebound to 61,000?

Considering the momentum indicators that aligned with the market rally, moving averages trending higher, and the VIX making bulls comfortable, the Nifty 50 is expected to continue its upward move toward the 26,000 zone, as sustaining above it can open the door for 26,200 and a record high. Until then, below 26,000, range-bound trading may continue with 25,800 acting as support. Meanwhile, the Bank Nifty needs to hold 60,500 for a move toward the 61,000–61,500 levels; however, falling decisively below it can bring consolidation, according to experts.

On February 10, the Nifty 50 rose 68 points (0.26 percent) to 25,935, while the Bank Nifty fell 43 points to 60,626. Market breadth was dominated by bulls. A total of 1,826 shares gained against 1,100 declining shares on the NSE.

Nifty Outlook and Strategy

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Despite the weekly F&amp;amp;O expiry, the Nifty failed to show significant momentum in one direction, and stock-specific action was seen amid the ongoing quarterly result season. India VIX also dropped by more than 4 percent in the previous session, suggesting a reduction in anxiousness.

On the daily chart, after finding support near the middle Bollinger Bands, Nifty has been moving up gradually during this up move. Overall momentum has reduced, as the index has been trading with gaps over the past two sessions and has failed to show meaningful intraday follow-through. Prices are now approaching the upper Bollinger Bands placed near the 26,060 level. A decisive breakout above this level could lead to fresh buying.

The overall trend for Nifty remains buy-on-dips as long as the index holds above the key support of 25,728, with upside targets of 26,060 or higher.

Key Resistance: 26,060

Key Support: 25,728

Strategy: Long positions can be created if Nifty moves towards 25,870–25,890 and reverses on the 5-minute chart, with a stop-loss of 25,780 and targets of 25,970–26,060 levels.

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

Nifty 50 has now been seen consistently closing above all the major EMAs, i.e., the 20-day, 50-day, 100-day, and 200-day, over the past few trading sessions, with all the EMAs sloping upwards. Along with that, the continued formation of higher highs and higher lows suggests an intact uptrend in index prices. Despite the sideways market in Tuesday's trading, market breadth continued to improve mostly on all parameters, which is an encouraging sign for bulls.

On the derivatives front, aggressive writing in Call and Put options has been seen as the market approaches the psychological resistance of 26,000, which suggests limited immediate upside. However, the bias remains bullish as sellers do not appear confident, while buyers seem to be in control of the markets.

Key Resistance: 26,000, 26,200

Key Support: 25,780, 25,650

Strategy: Buy Nifty Futures on dips around 25,890 with a stop-loss of 25,790, targeting 26,100.

Preeti K Chabra, Founder of Trade Delta

On the daily timeframe, Nifty has formed a bullish candle and continues to maintain a higher high–higher low structure, reinforcing the ongoing uptrend. The index is trading comfortably above the 40-day EMA at 25,658 and the 20-day SMA (middle Bollinger Band) at 25,461, clearly indicating sustained bullish momentum.

On the upside, immediate resistance is placed at 26,000, followed by 26,200. On the downside, 25,814 acts as the first line of support, with the next support placed at 25,723.

The daily RSI at 57.5 is trading above its signal line, further supporting the bullish bias. On the weekly timeframe, Nifty continues to trend upward and is trading above the 20-day SMA (middle Bollinger Band) at 25,726, suggesting a positive medium-term outlook.

From a derivatives perspective, weekly options data indicates unwinding in in-the-money Call options, pointing towards strengthening bullish momentum.

Overall, the broader market structure remains bullish, and a buy-on-dips strategy appears favourable for the index.

Key Resistance: 26,000, 26,200

Key Support: 25,814, 25,723

Strategy: Consider buying Nifty Futures near 25,814 for a target of 26,000 followed by 26,200, with a stop-loss of 25,723.

Bank Nifty - Outlook and Positioning

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Bank Nifty opened the week on a strong note, supported by the interim trade deal announced with the US, which includes a reduction of reciprocal tariffs to 18 percent on several Indian goods. Post major events and market-moving triggers, the index is now entering a phase of caution. Among banks, PSU banks continued to outperform private sector banks, providing relative strength to the index.

On the daily chart, ADX has dropped below 25 and is now showing readings of 24, suggesting an overall reduction in volatility, which justifies the range-bound action happening in the index despite the positive undertone. For now, a decisive breakout above the 60,900 level is essential for fresh buying to emerge. A successful move beyond this resistance zone could pave the way for a rally towards the previous record high of 61,764 levels. Until then, the index may remain range-bound within the 60,500–60,900 levels.

A break below 60,500 can result in an attempt at gap filling. A break above 60,900 can result in a fresh course of buying.

Key Resistance: 61,700

Key Support: 60,500

Strategy: Long positions can be created above 60,900 with a stop-loss of 60,550 and targets of 61,250 followed by 61,500 levels.

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

After Monday’s gap-up, the banking index remained largely sideways, which is a natural phenomenon, and prices consolidating around the tops keep the buyers active, especially if the active trend has been positive. Prices are consistently closing above all the major EMAs — the 20-day, 50-day, 100-day, and 200-day — with all the EMAs sloping higher, and clear formations of higher highs and higher lows are imminent signals of an established uptrend.

As we have been witnessing sideways action over the past couple of trading days, a continuation of the uptrend is expected to emerge in the days to come, and the strategy remains buy-on-dips for Bank Nifty. A sideways to positive price action appears to be in play as positioning in the derivatives segment shows mild short covering by traders.

Key Resistances: 60,900, 61,400

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.

Preeti K Chabra, Founder of Trade Delta

Bank Nifty formed a bearish candle on the daily chart; however, it continues to trade above the 40-day EMA at 59,483 and the 20-day SMA (middle Bollinger Band) at 59,609, which indicates that the underlying trend remains bullish.

The index has retraced to the 23.6 percent Fibonacci retracement level at 60,677, measured from the November 7 low of 57,157 to the February 3 high of 61,764, making this level a crucial resistance to watch. A sustained close above this zone over the next few trading sessions would likely add further bullish momentum to Bank Nifty.

The daily RSI at 59.7 is trading above its signal line, supporting the positive bias. From a derivatives perspective, weekly options data indicates unwinding in in-the-money Call options, suggesting strengthening bullish sentiment.

Overall, the broader market structure remains bullish, and a buy-on-dips strategy remains advisable for the index.

Key Resistance: 60,797, 60,876

Key Support: 60,446, 60,233

Strategy: Buy Bank Nifty Futures near the cash reference level of 60,446 for an upside target of 60,797 followed by 60,876, while maintaining a stop-loss at 60,233.

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.

All key moving averages trended upward, Falling VIX favoured bulls, Nifty 50 faces resistance at 26,000 level as above it 26,200–26,400 could come into focus, Below 26,000, consolidation may continue, with support placed at 25,800

* All key moving averages trended upward, Falling VIX favoured bulls
* Nifty 50 faces resistance at 26,000 level as above it 26,200–26,400 could come into focus
* Below 26,000, consolidation may continue, with support placed at 25,800

shorts/business/trade-setup-for-february-11-top-15-things-to-know-before-the-opening-bell-2

* All key moving averages trended upward, Falling VIX favoured bulls
* Nifty 50 faces resistance at 26,000 level as above it 26,200–26,400 could come into focus
* Below 26,000, consolidation may continue, with support placed at 25,800

The market scaled further, with the Nifty 50 rising by one-third of a percent on February 10, extending its northward journey for the third straight session as momentum indicators aligned with the rally. All key moving averages trended upward, and the index traded near the upper Bollinger Bands. Meanwhile, a falling VIX favoured bulls, signalling a healthy trend. On Tuesday, the Nifty 50 faced resistance at the psychological 26,000 level. If this zone is convincingly surpassed and sustained, levels of 26,200–26,400 could come into focus. However, until then, experts believe consolidation may continue, with support placed at 25,800.

<img class="alignnone size-full wp-image-13822459" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210161833_Image110022026.jpg" alt="Image110022026" 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> (25,935)

Resistance based on pivot points: 25,977, 26,005, and 26,051

Support based on pivot points: 25,886, 25,858, and 25,813

Special Formation: The Nifty formed a Doji-like candlestick pattern on the daily charts, indicating indecision between bulls and bears. The index continued to form higher highs and higher lows for another session. The index convincingly sustained above all key moving averages, which themselves continued to trend upward. The RSI rose to 57.51, while the MACD moved closer to the zero line with a positive crossover, and the histogram continued to trend higher. All these signals indicate strengthening momentum despite near-term consolidation.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (60,626)

Resistance based on pivot points: 60,753, 60,816, and 60,918

Support based on pivot points: 60,550, 60,487, and 60,386

Resistance based on Fibonacci retracement: 61,160, 62,075

Support based on Fibonacci retracement: 60,000, 59,452

Special Formation: The Bank Nifty traded within the previous day’s range on Tuesday and formed a bearish candle on the daily timeframe, indicating consolidation after the prior session’s gap-up move. The banking index declined 43 points but continued to trade near the upper Bollinger Bands. All key moving averages remained upward sloping, reflecting a positive trend in momentum indicators. The RSI hovered near 60 at 59.74, while the MACD maintained a bullish crossover with a further uptick in the histogram. These indicators suggest that the broader trend remains positive despite short-term consolidation.

<img class="alignnone size-full wp-image-13822460 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210161857_Image210022026.jpg" alt="Image210022026" 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 maximum Call open interest was seen at the 26,000 strike (with 58.81 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 26,500 strike (40.01 lakh contracts) and 26,200 strike (35.11 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 28.85 lakh contracts, followed by the 26,100 and 26,500 strikes, which added 23.1 lakh and 22.93 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,850 strike which shed 62,205 contracts, followed by the 25,800 and 25,750 strikes, which shed 35,425 and 5,005 contracts, respectively.

<img class="alignnone size-full wp-image-13822461 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210161916_Image610022026.jpg" alt="Image610022026" width="1252" height="340" />

4) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Put Options Data</a>

On the Put side, the 25,500 strike holds the maximum Put open interest (with 34.7 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 25,900 strike (34.32 lakh contracts) and the 26,000 strike (32.78 lakh contracts).

The maximum Put writing was placed at the 25,900 strike, which saw an addition of 24.37 lakh contracts, followed by the 26,000 and 25,950 strikes, which added 23.58 lakh and 17.62 lakh contracts, respectively. There was hardly any Put unwinding seen in the 25,200-26,700 strike band.

<img class="alignnone size-full wp-image-13822462 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210161935_Image710022026.jpg" alt="Image710022026" width="1246" 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 maximum Call open interest was seen at the 60,000 strike, with 14.96 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 lakh contracts) and the 60,500 strike (6.94 lakh contracts).

Maximum Call writing was observed at the 60,700 strike (with the addition of 1.14 lakh contracts), followed by the 61,000 strike (1.05 lakh contracts) and 60,800 strike (1.02 lakh contracts). The maximum Call unwinding was seen at the 60,000 strike, which shed 32,910 contracts, followed by the 61,700 and 59,000 strikes which shed 22,860 and 21,810 contracts, respectively.

<img class="alignnone size-full wp-image-13822464 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210161955_Image810022026.jpg" alt="Image810022026" width="1260" 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 60,000 strike holds the maximum Put open interest (with 20.2 lakh contracts), which can act as a key support level for the index. This was followed by the 59,000 strike (8.39 lakh contracts) and the 60,500 strike (6.33 lakh contracts).

The maximum Put writing was placed at the 60,500 strike (which added 1.03 lakh contracts), followed by the 60,700 strike (80,040 contracts) and the 60,600 strike (74,730 contracts). The maximum Put unwinding was seen at the 60,100 strike which shed 17,220 contracts.

<img class="alignnone size-full wp-image-13822465 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210162014_Image910022026.jpg" alt="Image910022026" width="1257" height="341" />

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-13822546 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210182801_Image1910022026.jpg" alt="Image1910022026" width="700" height="476" />

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, rose to 1.17 on February 10, compared to 1.11 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-13822467 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210162050_Image410022026.jpg" alt="Image410022026" width="1235" height="492" />

9) <a href="https://www.moneycontrol.com/indian-indices/india-vix-36.html" target="_blank">India VIX</a>

India VIX, which measures expected market volatility, fell 4.31 percent to 11.67—the lowest closing level since January 16—and dropped below all key moving averages, further supporting the prevailing bullish sentiment.

<img class="alignnone size-full wp-image-13822468 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210162111_Image510022026.jpg" alt="Image510022026" width="1281" height="684" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (65 Stocks)</a>

A long build-up was seen in 65 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13822539 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210182436_Image1510022026.jpg" alt="Image1510022026" width="700" height="703" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (39 Stocks)</a>

39 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13822542 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210182523_Image1610022026.jpg" alt="Image1610022026" width="700" height="703" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (59 Stocks)</a>

59 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-13822543 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210182603_Image1710022026.jpg" alt="Image1710022026" width="700" height="676" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (48 Stocks)</a>

48 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13822544 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210182639_Image1810022026.jpg" alt="Image1810022026" width="700" height="666" />

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-13822545 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260210182734_Image2010022026.jpg" alt="Image2010022026" width="700" height="718" />

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 11: Top 15 things to know before the opening bell

The market scaled further, with the Nifty 50 rising by one-third of a percent on February 10, extending its northward journey for the third straight session as momentum indicators aligned with the rally. All key moving averages trended upward, and the index traded near the upper Bollinger Bands. Meanwhile, a falling VIX favoured bulls, signalling a healthy trend. On Tuesday, the Nifty 50 faced resistance at the psychological 26,000 level. If this zone is convincingly surpassed and sustained, levels of 26,200–26,400 could come into focus. However, until then, experts believe consolidation may continue, with support placed at 25,800.



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

1) Key Levels For The Nifty 50 (25,935)

Resistance based on pivot points: 25,977, 26,005, and 26,051

Support based on pivot points: 25,886, 25,858, and 25,813

Special Formation: The Nifty formed a Doji-like candlestick pattern on the daily charts, indicating indecision between bulls and bears. The index continued to form higher highs and higher lows for another session. The index convincingly sustained above all key moving averages, which themselves continued to trend upward. The RSI rose to 57.51, while the MACD moved closer to the zero line with a positive crossover, and the histogram continued to trend higher. All these signals indicate strengthening momentum despite near-term consolidation.

2) Key Levels For The Bank Nifty (60,626)

Resistance based on pivot points: 60,753, 60,816, and 60,918

Support based on pivot points: 60,550, 60,487, and 60,386

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

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

Special Formation: The Bank Nifty traded within the previous day’s range on Tuesday and formed a bearish candle on the daily timeframe, indicating consolidation after the prior session’s gap-up move. The banking index declined 43 points but continued to trade near the upper Bollinger Bands. All key moving averages remained upward sloping, reflecting a positive trend in momentum indicators. The RSI hovered near 60 at 59.74, while the MACD maintained a bullish crossover with a further uptick in the histogram. These indicators suggest that the broader trend remains positive despite short-term consolidation.



3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 26,000 strike (with 58.81 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 26,500 strike (40.01 lakh contracts) and 26,200 strike (35.11 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 28.85 lakh contracts, followed by the 26,100 and 26,500 strikes, which added 23.1 lakh and 22.93 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,850 strike which shed 62,205 contracts, followed by the 25,800 and 25,750 strikes, which shed 35,425 and 5,005 contracts, respectively.



4) Nifty Put Options Data

On the Put side, the 25,500 strike holds the maximum Put open interest (with 34.7 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 25,900 strike (34.32 lakh contracts) and the 26,000 strike (32.78 lakh contracts).

The maximum Put writing was placed at the 25,900 strike, which saw an addition of 24.37 lakh contracts, followed by the 26,000 and 25,950 strikes, which added 23.58 lakh and 17.62 lakh contracts, respectively. There was hardly any Put unwinding seen in the 25,200-26,700 strike band.



5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 60,000 strike, with 14.96 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 lakh contracts) and the 60,500 strike (6.94 lakh contracts).

Maximum Call writing was observed at the 60,700 strike (with the addition of 1.14 lakh contracts), followed by the 61,000 strike (1.05 lakh contracts) and 60,800 strike (1.02 lakh contracts). The maximum Call unwinding was seen at the 60,000 strike, which shed 32,910 contracts, followed by the 61,700 and 59,000 strikes which shed 22,860 and 21,810 contracts, respectively.



6) Bank Nifty Put Options Data

On the Put side, the 60,000 strike holds the maximum Put open interest (with 20.2 lakh contracts), which can act as a key support level for the index. This was followed by the 59,000 strike (8.39 lakh contracts) and the 60,500 strike (6.33 lakh contracts).

The maximum Put writing was placed at the 60,500 strike (which added 1.03 lakh contracts), followed by the 60,700 strike (80,040 contracts) and the 60,600 strike (74,730 contracts). The maximum Put unwinding was seen at the 60,100 strike which shed 17,220 contracts.



7) Funds Flow (Rs crore)



8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 1.17 on February 10, compared to 1.11 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, which measures expected market volatility, fell 4.31 percent to 11.67—the lowest closing level since January 16—and dropped below all key moving averages, further supporting the prevailing bullish sentiment.



10) Long Build-up (65 Stocks)

A long build-up was seen in 65 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (39 Stocks)

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



12) Short Build-up (59 Stocks)

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



13) Short-Covering (48 Stocks)

48 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.

India VIX declines by 4.31% to 11.67 and slips below all key moving averages, signalling increased comfort for bulls, Weekly options data continues to highlight 26,000 as a key resistance zone, 25,900–25,800 band serves as immediate support for Nifty 50

* India VIX declines by 4.31% to 11.67 and slips below all key moving averages, signalling increased comfort for bulls
* Weekly options data continues to highlight 26,000 as a key resistance zone
* 25,900–25,800 band serves as immediate support for Nifty 50

shorts/business/technical-view-26-000-to-be-crucial-for-further-upside-in-nifty-50-till-then-consolidation-likely-india-vix-cools-bank-nifty-ends-three-day-rally

* India VIX declines by 4.31% to 11.67 and slips below all key moving averages, signalling increased comfort for bulls
* Weekly options data continues to highlight 26,000 as a key resistance zone
* 25,900–25,800 band serves as immediate support for Nifty 50

The Nifty 50 maintained its uptrend for the third consecutive session, rising by one-third of a percent on February 10, the weekly F&amp;O expiry session. The rally was largely supported by a significant cooling in India VIX, momentum indicators aligning with the market uptrend, and upward-trending moving averages. As a result, experts believe that the 26,000 level—where the index faced resistance on Tuesday—will be a crucial zone for further upside towards 26,200 and record highs. Until then, consolidation with range-bound trading cannot be ruled out, with support placed at 25,800.

The Nifty 50 opened higher at 25,923 and remained range-bound with a positive bias throughout the session. The index touched an intraday high of 25,989 before closing at 25,935, up 68 points. On the daily charts, the benchmark index formed a Doji-like candlestick pattern, indicating indecision between bulls and bears.

The index traded well above all key moving averages, with these averages continuing to trend upward. Momentum indicators also strengthened, with the RSI rising to 57.51, while the MACD extended upward and moved close to the zero line, accompanied by further upside in the histogram. All these signals indicate improving momentum.

“The 50-DMA, placed around 25,790, is acting as a crucial support. As long as the index holds above this level, gradual upward momentum is likely to continue towards 26,000,” said Nilesh Jain, VP and Head of Technical and Derivative Research at Centrum Finverse.

According to him, a decisive breakout above the 26,000 mark could trigger short covering and propel the index towards 26,200.

Weekly options data continues to highlight 26,000 as a key resistance zone, while the 25,900–25,800 band serves as immediate support. The maximum Call open interest is concentrated at the 26,000 strike, followed by 26,500 and 26,200, with the highest Call writing seen at 26,000, 26,100, and 26,500. On the Put side, the maximum open interest stands at 25,500, followed by 25,900, 26,000, and 25,800, while maximum Put writing is observed at 25,900, 26,000, and 25,500.

Meanwhile, India VIX, the volatility index, declined by 4.31 percent to 11.67 and slipped below all key moving averages, signalling increased comfort for bulls. As long as the VIX sustains below the 12 zone, bulls are expected to remain in control.

Bank Nifty

The Bank Nifty failed to witness follow-up buying, snapping its two-day winning streak and closing 43 points lower at 60,626. The banking index traded within the previous day’s range and formed a small bearish candle on the daily timeframe, indicating consolidation and range-bound trading following the recent rally.

The index traded near the upper Bollinger Bands, with moving averages continuing to trend upward. The RSI flattened at 59.74 but maintained a bullish crossover, while the MACD extended its uptrend with a further uptick in the histogram. These signals indicate that momentum remains constructive despite consolidation.

According to Vatsal Bhuva, Technical Analyst at LKP Securities, the broader structure of the index remains bullish, suggesting that any intraday or positional declines are likely to attract buying interest.

On the downside, immediate support is placed near 59,800, while resistance is seen around the 61,000 level, he added.

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: 26,000 to be crucial for further upside in Nifty 50, till then consolidation likely; India VIX cools; Bank Nifty ends three-day rally

The Nifty 50 maintained its uptrend for the third consecutive session, rising by one-third of a percent on February 10, the weekly F&amp;amp;O expiry session. The rally was largely supported by a significant cooling in India VIX, momentum indicators aligning with the market uptrend, and upward-trending moving averages. As a result, experts believe that the 26,000 level—where the index faced resistance on Tuesday—will be a crucial zone for further upside towards 26,200 and record highs. Until then, consolidation with range-bound trading cannot be ruled out, with support placed at 25,800.

The Nifty 50 opened higher at 25,923 and remained range-bound with a positive bias throughout the session. The index touched an intraday high of 25,989 before closing at 25,935, up 68 points. On the daily charts, the benchmark index formed a Doji-like candlestick pattern, indicating indecision between bulls and bears.

The index traded well above all key moving averages, with these averages continuing to trend upward. Momentum indicators also strengthened, with the RSI rising to 57.51, while the MACD extended upward and moved close to the zero line, accompanied by further upside in the histogram. All these signals indicate improving momentum.

“The 50-DMA, placed around 25,790, is acting as a crucial support. As long as the index holds above this level, gradual upward momentum is likely to continue towards 26,000,” said Nilesh Jain, VP and Head of Technical and Derivative Research at Centrum Finverse.

According to him, a decisive breakout above the 26,000 mark could trigger short covering and propel the index towards 26,200.

Weekly options data continues to highlight 26,000 as a key resistance zone, while the 25,900–25,800 band serves as immediate support. The maximum Call open interest is concentrated at the 26,000 strike, followed by 26,500 and 26,200, with the highest Call writing seen at 26,000, 26,100, and 26,500. On the Put side, the maximum open interest stands at 25,500, followed by 25,900, 26,000, and 25,800, while maximum Put writing is observed at 25,900, 26,000, and 25,500.

Meanwhile, India VIX, the volatility index, declined by 4.31 percent to 11.67 and slipped below all key moving averages, signalling increased comfort for bulls. As long as the VIX sustains below the 12 zone, bulls are expected to remain in control.

Bank Nifty

The Bank Nifty failed to witness follow-up buying, snapping its two-day winning streak and closing 43 points lower at 60,626. The banking index traded within the previous day’s range and formed a small bearish candle on the daily timeframe, indicating consolidation and range-bound trading following the recent rally.

The index traded near the upper Bollinger Bands, with moving averages continuing to trend upward. The RSI flattened at 59.74 but maintained a bullish crossover, while the MACD extended its uptrend with a further uptick in the histogram. These signals indicate that momentum remains constructive despite consolidation.

According to Vatsal Bhuva, Technical Analyst at LKP Securities, the broader structure of the index remains bullish, suggesting that any intraday or positional declines are likely to attract buying interest.

On the downside, immediate support is placed near 59,800, while resistance is seen around the 61,000 level, he added.

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 up 208 points, Nifty up 68 points, gains for third session, Broader markets outperformed, Nifty Midcap rose 0.5%, Smallcap gained 0.4%, Over 100 stocks hit 52-week highs; media and auto indices led sectoral gains

* Sensex up 208 points, Nifty up 68 points, gains for third session
* Broader markets outperformed, Nifty Midcap rose 0.5%, Smallcap gained 0.4%
* Over 100 stocks hit 52-week highs; media and auto indices led sectoral gains

Indian equity markets rose for a third session, with Nifty nearing 26,000 and Sensex up 208 points. Broad-based buying, strong midcap and smallcap gains, and positive global cues drove the rally. Over 100 stocks hit 52-week highs; most sectors ended positive.

shorts/business/taking-stock-market-extends-gains-to-third-day-sensex-up-208-pts-nifty-above-25-900

* Sensex up 208 points, Nifty up 68 points, gains for third session
* Broader markets outperformed, Nifty Midcap rose 0.5%, Smallcap gained 0.4%
* Over 100 stocks hit 52-week highs; media and auto indices led sectoral gains

Indian equity markets extended their winning streak for a third straight session on February 10, with Nifty inched closer to 26,000 intraday supported by broad-based buying across sectors and positive cues from global markets.

At close, the Sensex was up 208.17 points or 0.25 percent at 84,273.92, and the Nifty was up 67.85 points or 0.26 percent at 25,935.15.

Broader markets outperformed the benchmarks, with the Nifty Midcap index rising 0.5 percent and the Smallcap index gaining 0.4 percent.

Also Read - <a href="https://www.moneycontrol.com/news/business/earnings/foreign-inflows-exceed-2-billion-in-indian-equities-over-nine-sessions-13819986.html">Foreign inflows exceed $2 billion in Indian equities over nine sessions</a>

The top gainers on the Nifty included Eternal, Tata Steel, Bajaj Auto, ONGC and M&amp;M, while the laggards were Shriram Finance, HCL Tech, Dr Reddy’s Labs, Bajaj Finance and Bharti Airtel.

Barring pharma and PSU Bank, all other sectoral indices ended in the green, with the media index rising 2 percent and the auto index gaining 1 percent.

Also Read - <a href="https://www.moneycontrol.com/news/opinion/india-us-interim-trade-deal-signals-boost-in-fdi-and-technology-transfer-13820222.html">India-US interim trade deal signals boost in FDI and technology transfer</a>

In stock specific actions, RailTel Corporation of India shares added 3% on order win of Rs 455 crore, Bata India shares rose 4% post strong Q3 earnings, Ceigall India share price surged 4% on LoA of Rs 1,700 crore, ACME Solar Holdings shares gained nearly 4% on LoA from Rewa Ultra Mega Solar, Navin Fluorine International share price shed 4% after Q3 earnings, BSE share price jumped 6% on strong Q3 results, Lumax Industries and ISGEC Heavy Engineering shares zoomed 17-20% on robust Q3 earnings.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/pfc-rec-merger-aimed-at-building-scale-but-sector-growth-swap-ratio-key-for-markets-experts-13819966.html">PFC-REC merger targets scale, but sector growth and swap ratio key: Experts</a>

More than 100 stocks touched their 52-week highs, including Force Motors, 3M India, Tata Steel, GE Shipping, Nykaa, Indus Towers, APL Apollo, Ashok Leyland, Titan Company, JSW Steel, SBI, UltraTech Cement, KEI Industries, MRPL, Shriram Finance, Navin Fluorine, 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 11

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Nifty continued to scale higher amidst choppy movement on Tuesday and closed the day higher by 67 points. After opening on a positive note, the market was not able to sustain the highs and later shifted into a range bound action for better part of the session. Nifty faced stiff resistance around 26000 levels which is a mid part of long red candle of 3rd Feb and closed the day off the highs.

A small red candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action signals a formation of high wave type candle pattern, which echoes minor volatility in the market at the highs.

The underlying trend of Nifty continues to be positive amidst range bound movement. A decisive move above the resistance of 26000 levels could open more upside towards 26350 levels in the near term. Immediate support is placed at 25800.

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices continued their positive momentum, with the Nifty ending higher by 68 points and the Sensex rising by 208 points. Among sectors, almost all the major sectoral indices witnessed positive momentum, but the Capital Market index outperformed, rallying over 2.70 percent.

Technically, after a promising uptrend, the market has formed a Doji candle pattern on the daily charts, indicating indecisiveness between the bulls and bears.

We are of the view that the short-term market outlook remains positive, but there could be a quick intraday dip if the index slips below 25,900/84100. Below this level, the market could retest the levels of 50 day SMA ( Simple Moving Average) or 25,800-25,750/83700-83500.

On the higher side, 26,000/84500 would be the immediate resistance zone for the bulls. A successful breakout above 26,000/84500 could push the market up to 26,100-26,150/84800-85000.

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 extends gains to third day; Sensex up 208 pts, Nifty above 25,900

Indian equity markets extended their winning streak for a third straight session on February 10, with Nifty inched closer to 26,000 intraday supported by broad-based buying across sectors and positive cues from global markets.

At close, the Sensex was up 208.17 points or 0.25 percent at 84,273.92, and the Nifty was up 67.85 points or 0.26 percent at 25,935.15.

Broader markets outperformed the benchmarks, with the Nifty Midcap index rising 0.5 percent and the Smallcap index gaining 0.4 percent.

Also Read - Foreign inflows exceed $2 billion in Indian equities over nine sessions

The top gainers on the Nifty included Eternal, Tata Steel, Bajaj Auto, ONGC and M&amp;amp;M, while the laggards were Shriram Finance, HCL Tech, Dr Reddy’s Labs, Bajaj Finance and Bharti Airtel.

Barring pharma and PSU Bank, all other sectoral indices ended in the green, with the media index rising 2 percent and the auto index gaining 1 percent.

Also Read - India-US interim trade deal signals boost in FDI and technology transfer

In stock specific actions, RailTel Corporation of India shares added 3% on order win of Rs 455 crore, Bata India shares rose 4% post strong Q3 earnings, Ceigall India share price surged 4% on LoA of Rs 1,700 crore, ACME Solar Holdings shares gained nearly 4% on LoA from Rewa Ultra Mega Solar, Navin Fluorine International share price shed 4% after Q3 earnings, BSE share price jumped 6% on strong Q3 results, Lumax Industries and ISGEC Heavy Engineering shares zoomed 17-20% on robust Q3 earnings.

Also Read - PFC-REC merger targets scale, but sector growth and swap ratio key: Experts

More than 100 stocks touched their 52-week highs, including Force Motors, 3M India, Tata Steel, GE Shipping, Nykaa, Indus Towers, APL Apollo, Ashok Leyland, Titan Company, JSW Steel, SBI, UltraTech Cement, KEI Industries, MRPL, Shriram Finance, Navin Fluorine, among others. Click to View More

Outlook for February 11

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Nifty continued to scale higher amidst choppy movement on Tuesday and closed the day higher by 67 points. After opening on a positive note, the market was not able to sustain the highs and later shifted into a range bound action for better part of the session. Nifty faced stiff resistance around 26000 levels which is a mid part of long red candle of 3rd Feb and closed the day off the highs.

A small red candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action signals a formation of high wave type candle pattern, which echoes minor volatility in the market at the highs.

The underlying trend of Nifty continues to be positive amidst range bound movement. A decisive move above the resistance of 26000 levels could open more upside towards 26350 levels in the near term. Immediate support is placed at 25800.

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices continued their positive momentum, with the Nifty ending higher by 68 points and the Sensex rising by 208 points. Among sectors, almost all the major sectoral indices witnessed positive momentum, but the Capital Market index outperformed, rallying over 2.70 percent.

Technically, after a promising uptrend, the market has formed a Doji candle pattern on the daily charts, indicating indecisiveness between the bulls and bears.

We are of the view that the short-term market outlook remains positive, but there could be a quick intraday dip if the index slips below 25,900/84100. Below this level, the market could retest the levels of 50 day SMA ( Simple Moving Average) or 25,800-25,750/83700-83500.

On the higher side, 26,000/84500 would be the immediate resistance zone for the bulls. A successful breakout above 26,000/84500 could push the market up to 26,100-26,150/84800-85000.

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.

The equity benchmark indices Sensex and Nifty pared early gains on Tuesday amid profit booking at higher levels and resistance around the 26,000-mark on the Nifty.

The Sensex climbed 417.2 points, or 0.49 percent, to hit an intraday high of 84,482.95 in early trade. However, selling pressure emerged in the second half of the session, pulling the index down by over 300 points from the day’s peak. At around 2:15 pm, the Sensex was trading at 84,175.87, up 110.12 points or 0.13 percent.

The broader Nifty, which moved close to the 26,000 level to touch an intraday high of 25,989.45, also trimmed gains. The index was trading at 25,895.65, up 28.35 points or 0.11 percent.
<h3>3 key reasons behind markets trimming gains</h3>
1) Profit booking after three-day rally: The investors booked profits in select FMCG, pharma and PSU bank stocks after the benchmarks extended their gains for the third straight session. Early gains were supported by firm trends in Asian markets and continued foreign institutional investor (FII) inflows.

2) Rupee weakens: The rupee depreciated 11 paise to 90.77 against the US dollar on Tuesday, reflecting cautious sentiment in the currency market following the India-US interim trade framework. The domestic unit opened at 90.63 at the interbank foreign exchange market and slipped to an intraday low of 90.77. On Monday, the rupee ended marginally lower at 90.66 against the US dollar.

3) Technical resistance near 26,000: Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited, said the Nifty has strengthened after reclaiming key moving averages and sustaining above the 25,700–25,800 zone. "The immediate upside resistance is placed near 26,000, followed by 26,100. A decisive breakout above 26,000 could trigger further short-covering and extend the ongoing recovery. On the downside, 25,700 remains an important support, followed by 25,500. The overall structure remains positive," Shah said.

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.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Sensex drops over 300 pts from day's high, Nifty below 25,900: 3 key reasons behind market trimming gains

Stock Market Today: Sensex drops over 300 pts from day's high, Nifty below 25,900 - 3 key reasons behind market trimming gains

The equity benchmark indices Sensex and Nifty pared early gains on Tuesday amid profit booking at higher levels and resistance around the 26,000-mark on the Nifty.

The Sensex climbed 417.2 points, or 0.49 percent, to hit an intraday high of 84,482.95 in early trade. However, selling pressure emerged in the second half of the session, pulling the index down by over 300 points from the day’s peak. At around 2:15 pm, the Sensex was trading at 84,175.87, up 110.12 points or 0.13 percent.

The broader Nifty, which moved close to the 26,000 level to touch an intraday high of 25,989.45, also trimmed gains. The index was trading at 25,895.65, up 28.35 points or 0.11 percent.
3 key reasons behind markets trimming gains
1) Profit booking after three-day rally: The investors booked profits in select FMCG, pharma and PSU bank stocks after the benchmarks extended their gains for the third straight session. Early gains were supported by firm trends in Asian markets and continued foreign institutional investor (FII) inflows.

2) Rupee weakens: The rupee depreciated 11 paise to 90.77 against the US dollar on Tuesday, reflecting cautious sentiment in the currency market following the India-US interim trade framework. The domestic unit opened at 90.63 at the interbank foreign exchange market and slipped to an intraday low of 90.77. On Monday, the rupee ended marginally lower at 90.66 against the US dollar.

3) Technical resistance near 26,000: Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited, said the Nifty has strengthened after reclaiming key moving averages and sustaining above the 25,700–25,800 zone. &quot;The immediate upside resistance is placed near 26,000, followed by 26,100. A decisive breakout above 26,000 could trigger further short-covering and extend the ongoing recovery. On the downside, 25,700 remains an important support, followed by 25,500. The overall structure remains positive,&quot; Shah said.

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.

13 out of 18 years NIFTY MIDCAP 50 has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	17,350.30	17,396.65	17,446.85	17,300.10	17,253.75	17,203.55	17,157.20
Fibonacci	17,336.98	17,359.77	17,396.65	17,300.10	17,263.22	17,240.43	17,203.55
Camarilla	17,312.80	17,321.65	17,330.50	17,300.10	17,295.10	17,286.25	17,277.40

INDEX CONTRIBUTION - NIFTY MIDCAP 50

Net Contribution

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