NIFTY Pharma

Nifty 50 may face next resistance at 26,000, followed by 26,500, Nifty support is placed at 25,500, VIX needs to decisively fall below all key moving averages to provide major comfort for bulls

* Nifty 50 may face next resistance at 26,000, followed by 26,500
* Nifty support is placed at 25,500
*  VIX needs to decisively fall below all key moving averages to provide major comfort for bulls

shorts/business/technical-view-us-india-deal-clears-all-hurdles-for-bulls-nifty-logs-biggest-single-day-rally-since-may-2025-eyes-record-high-bank-nifty-hits-new-peak

* Nifty 50 may face next resistance at 26,000, followed by 26,500
* Nifty support is placed at 25,500
*  VIX needs to decisively fall below all key moving averages to provide major comfort for bulls

The US–India trade deal announcement cleared all hurdles for the Nifty 50 as well as Bank Nifty bulls in a single session on February 3 after a decisive gap-up opening, helping both indices record their biggest single-day rally since May 12, 2025. Further cooling in the VIX and improving momentum indicators also aided the uptrend. While the banking index hit a new high of 61,765, the benchmark Nifty 50 could not reclaim its previous record high of 26,373, which is expected to remain a crucial resistance going forward for any further sharp run. Until then, range-bound trading with key support in the 25,600–25,500 zone can be seen in the upcoming sessions, experts said.

The Nifty 50 opened near its previous record high with a rally of over 1,200 points but could not sustain all those gains till the close due to profit booking as market participants digested the deal news. The index closed at 25,728 (the highest closing level since January 13 this year), up 639 points, or 2.55 percent.

The index formed a big red candle on the daily timeframe due to profit-taking and took support exactly at the 50-day EMA (25,640). It is now trading well above all key moving averages, which is positive.

Momentum indicators also aligned with the rally, as the RSI jumped to 53.72 and the Stochastic RSI showed a positive crossover. The MACD climbed above the signal line but is yet to surpass the zero line, while the histogram showed an uptrend after almost a month.

US President Donald Trump announced a reduction in the tariff rate on Indian goods to 18 percent from 50 percent, which came after a period of more than a year.

The Nifty closed higher by leaving an unfilled gap between the 25,108–25,641 levels (a 533-point unfilled gap). This marks a significant bullish breakout after a few weeks of sharp downward correction, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

As per gap theory, if the opening gap remains unfilled over the next three to four sessions, it could be considered a bullish breakaway gap, which is normally formed in the middle of a sustained uptrend.

According to him, the underlying trend of the market remains positive. “As long as the Nifty stays above 25,600, there is a higher probability of it heading higher towards the hurdle of 26,000 and then 26,300 in the near term. Immediate support is placed at 25,600,” Nagaraj said.

Weekly options data also indicated that the Nifty 50 may face its next resistance at 26,000, followed by 26,500, where maximum Call open interest is placed, with support at 25,500, where maximum Put open interest was seen.

Meanwhile, the fear gauge, India VIX, dropped further to 12.90, down 7 percent, in addition to an 8 percent decline in the previous session, signalling increased comfort for bulls. However, the VIX needs to decisively fall below all key moving averages to provide major comfort for bulls.

<strong>Bank Nifty</strong>

The Bank Nifty hit a fresh all-time high of 61,765 intraday, rising over 3,100 points, but failed to close above the upper Bollinger Bands and defend 60,437 (the previous record high). Hence, 60,437 is expected to remain a key hurdle for the banking index going forward, as only sustained trading above this level can open the door for a further rally. Until then, range-bound trade may be seen, with supports at 59,800 and 59,450.

Notably, the index held above the falling support trendline (which had earlier acted as resistance before today’s rally), which is a positive sign. It finished the session at 60,041, up 1,422 points, or 2.43 percent, and formed a long bearish candle, though the big gap between 58,687 and 59,793 remained unfilled.

The RSI has entered a bullish crossover, suggesting improving momentum. “However, Tuesday’s move was largely driven by news- and event-based triggers, making the follow-up session crucial to validate the sustainability of the breakout,” said Vatsal Bhuva, Technical Analyst at LKP Securities.

According to him, if the index holds above its 20-day and 50-day moving averages in the coming sessions, strength can be confirmed. Immediate support is placed at 59,800, while resistance is seen near the 61,700 level.

<em>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.</em>

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Technical View: US–India deal clears all hurdles for bulls; Nifty logs biggest single-day rally since May 2025, eyes record high; Bank Nifty hits new peak

The US–India trade deal announcement cleared all hurdles for the Nifty 50 as well as Bank Nifty bulls in a single session on February 3 after a decisive gap-up opening, helping both indices record their biggest single-day rally since May 12, 2025. Further cooling in the VIX and improving momentum indicators also aided the uptrend. While the banking index hit a new high of 61,765, the benchmark Nifty 50 could not reclaim its previous record high of 26,373, which is expected to remain a crucial resistance going forward for any further sharp run. Until then, range-bound trading with key support in the 25,600–25,500 zone can be seen in the upcoming sessions, experts said.

The Nifty 50 opened near its previous record high with a rally of over 1,200 points but could not sustain all those gains till the close due to profit booking as market participants digested the deal news. The index closed at 25,728 (the highest closing level since January 13 this year), up 639 points, or 2.55 percent.

The index formed a big red candle on the daily timeframe due to profit-taking and took support exactly at the 50-day EMA (25,640). It is now trading well above all key moving averages, which is positive.

Momentum indicators also aligned with the rally, as the RSI jumped to 53.72 and the Stochastic RSI showed a positive crossover. The MACD climbed above the signal line but is yet to surpass the zero line, while the histogram showed an uptrend after almost a month.

US President Donald Trump announced a reduction in the tariff rate on Indian goods to 18 percent from 50 percent, which came after a period of more than a year.

The Nifty closed higher by leaving an unfilled gap between the 25,108–25,641 levels (a 533-point unfilled gap). This marks a significant bullish breakout after a few weeks of sharp downward correction, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

As per gap theory, if the opening gap remains unfilled over the next three to four sessions, it could be considered a bullish breakaway gap, which is normally formed in the middle of a sustained uptrend.

According to him, the underlying trend of the market remains positive. “As long as the Nifty stays above 25,600, there is a higher probability of it heading higher towards the hurdle of 26,000 and then 26,300 in the near term. Immediate support is placed at 25,600,” Nagaraj said.

Weekly options data also indicated that the Nifty 50 may face its next resistance at 26,000, followed by 26,500, where maximum Call open interest is placed, with support at 25,500, where maximum Put open interest was seen.

Meanwhile, the fear gauge, India VIX, dropped further to 12.90, down 7 percent, in addition to an 8 percent decline in the previous session, signalling increased comfort for bulls. However, the VIX needs to decisively fall below all key moving averages to provide major comfort for bulls.

Bank Nifty

The Bank Nifty hit a fresh all-time high of 61,765 intraday, rising over 3,100 points, but failed to close above the upper Bollinger Bands and defend 60,437 (the previous record high). Hence, 60,437 is expected to remain a key hurdle for the banking index going forward, as only sustained trading above this level can open the door for a further rally. Until then, range-bound trade may be seen, with supports at 59,800 and 59,450.

Notably, the index held above the falling support trendline (which had earlier acted as resistance before today’s rally), which is a positive sign. It finished the session at 60,041, up 1,422 points, or 2.43 percent, and formed a long bearish candle, though the big gap between 58,687 and 59,793 remained unfilled.

The RSI has entered a bullish crossover, suggesting improving momentum. “However, Tuesday’s move was largely driven by news- and event-based triggers, making the follow-up session crucial to validate the sustainability of the breakout,” said Vatsal Bhuva, Technical Analyst at LKP Securities.

According to him, if the index holds above its 20-day and 50-day moving averages in the coming sessions, strength can be confirmed. Immediate support is placed at 59,800, while resistance is seen near the 61,700 level.

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

Live: Sensex, Nifty jumps 2% on India-US deal optimism, Rupees firms up | Closing Bell

Indian stocks rallied after India-US trade deal cut US tariffs on Indian exports, Nifty 50 may reach 30,000 by 2026-end, driven by improved export outlook, Export sectors like textiles, engineering, and pharma expected to benefit

* Indian stocks rallied after India-US trade deal cut US tariffs on Indian exports
* Nifty 50 may reach 30,000 by 2026-end, driven by improved export outlook
* Export sectors like textiles, engineering, and pharma expected to benefit

Indian stocks surged after the India-US trade deal, which cut US tariffs on Indian exports. Analysts predict Nifty 50 could reach 30,000 by 2026, with export sectors set to benefit. Near-term consolidation is expected before further gains.

shorts/business/india-us-trade-deal-impact-nifty-50-to-hit-30-000-by-2026-end-as-sentiment-improves-say-analysts

* Indian stocks rallied after India-US trade deal cut US tariffs on Indian exports
* Nifty 50 may reach 30,000 by 2026-end, driven by improved export outlook
* Export sectors like textiles, engineering, and pharma expected to benefit

Indian stock markets recorded a sharp rally on February 3 after India and US concluded their much-awaited trade deal. Analysts have suggested what target investors should expect for Nifty 50 as sentiment has improved after the deal.

The bilateral trade deal effectively reduces US tariffs on Indian exports to 18 percent from 50 percent. At around 12 pm, <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html">Sensex</a> was up around 3 percent (2,444 points) at 84,110.14, while <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html">Nifty 50</a> was up 3 percent (740 points) at 25,828.85.
<h3><strong>India-US trade deal:</strong></h3>
"Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25 percent to 18 percent," Trump wrote in a <a href="https://www.moneycontrol.com/world/trump-announces-tariff-reduction-for-india-lowers-rate-from-25-to-18-after-phone-call-with-pm-modi-article-13806687.html">post on Truth Social</a> after a telephonic conversation with Prime Minister Narendra Modi.

Trump described Modi as “one of my greatest friends” and a “powerful and respected leader of his country,” adding that the two leaders discussed trade, global security and efforts to end the Russia Ukraine war.
<h3><strong>Why are markets rallying today?</strong></h3>
With the US trade deal now concluded, a prolonged source of uncertainty for markets is finally behind us, said N. Arunagiri, CEO, TrustLine Holdings. “That overhang had weighed on sentiment and risk appetite for an extended period, and its resolution provides an important near-term relief. However, what matters more for markets from here is what comes after the deal,” the analyst said.

Rupee's long-overdue retracement and expected meaningful earnings recovery in FY27, along with structural reforms create a strong and supportive backdrop for markets, said Arunagiri. “From this perspective, the medium-term setup looks increasingly constructive, and we believe these are very positive times for the markets especially for broader small and midcaps,” the analyst added.
<h3><strong>JP Morgan sees Nifty 50 at 30,000 by 2026-end:</strong></h3>
JP Morgan reiterated its 2026-end target of 30,000 for Indian benchmark index Nifty 50 after India-US trade deal. This marks a rise of nearly 20 percent (4,922 points) from the previous closing level of 25,088.40.

"A comprehensive bilateral agreement may lead to increased foreign investment, a stronger rupee, and improved earnings visibility for export-oriented sectors," JP Morgan said.

Indian markets significantly declined earlier amid persistent delays in the conclusion of the deal and limited exposure to artificial intelligence theme, which in turn triggered persistent foreign fund outflows since 2025, leading to underperformance against emerging market peers. “India's valuation premium to EM has compressed significantly, and it now trades at a discount to S&amp;P 500,” JP Morgan said.

It added that <a href="https://www.moneycontrol.com/news/business/markets/india-us-trade-deal-impact-gokaldas-exports-avanti-feeds-other-textile-and-shrimp-stocks-rally-up-to-20-13807155.html">textiles and apparels</a>, gems and jewellery, engineering goods, chemicals, leather and footwear companies will potentially benefit from the trade deal. “The agreement may also improve earnings visibility for export-oriented sectors such as agriculture and manufacturing, and support a near-term rebound in IT and pharma, led by a reduction in risk premium,” it further said.
<h3><strong>'More ambitious year-end trajectory for Nifty 50 after trade deal':</strong></h3>
Market commentary has started factoring in a more ambitious year-end trajectory for the Nifty 50, with several participants now suggesting that the index could gravitate towards the 30,000 zone if current macro tailwinds sustain, said Harshal Dasani, Business Head, INVasset PMS.

"This optimism is not anchored to a single trigger, but to a convergence of positives that are steadily improving earnings visibility. The India–US trade deal adds to a series of trade agreements signed over the past year, strengthening India’s export outlook and reinforcing its role as a preferred global manufacturing and services hub at a time when supply chains are being rebalanced," he said.

Domestically, the growth impulse remains consumption-led. Rate cuts over the past year have lowered financing costs, while tax relief measures have increased disposable income for the middle class, translating into stronger discretionary spending, the analyst explained. With inflation largely under control and liquidity conditions supportive, corporate earnings expectations for the coming quarters remain resilient, he added.

"In this environment, the market’s base case is not aggressive valuation expansion, but steady earnings compounding. If growth momentum holds and global conditions remain benign, the 30,000 mark is increasingly being viewed as an achievable milestone rather than an outlier outcome," according to Dasani.
<h3><strong>'Trade deal instilled confidence in India's earnings trajectory':</strong></h3>
The trade agreement between India and the US has also instilled a degree of confidence in the earnings trajectory of India, particularly in export-driven segments, and this is why Nifty targets for the year-end are being revised higher, said Siddharth Maurya, Founder &amp; Managing Director, Vibhavangal Anukulakara.

“Essentially, what this does is that it removes policy-related uncertainties and enhances visibility on demand and investment flows,” he explained.

According to Maurya, Nifty can easily target the 28,000 level by the year-end if the global environment remains stable and the earnings trajectory of India remains strong. “However, this is not likely to be a straight-line journey,” he added.
<h3><strong>Some consolidation ahead?</strong></h3>
Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, however said that he expects Nifty to remain in a consolidation phase between 25,500 – 26,300 for the next few weeks.

“A decisive and sustained close above 26,400 will be a major breakout trigger, opening the path towards 28,500 in the medium term. On the downside, 24,500 remains a crucial support for the year, while 26,400 stands as a key resistance zone,” he said.

Overall structure remains constructive, but near-term price action suggests range-bound movement before the next directional expansion, the analyst explained.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-sensex-nifty-set-for-sharp-gap-up-as-india-us-trade-deal-cuts-tariffs-to-18-liveblog-13807100.html">LIVE updates</a> from the stock markets here.

<em>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.</em>

India-US trade deal impact: Nifty 50 to hit 30,000 by 2026-end as sentiment improves, say analysts

Indian stock markets recorded a sharp rally on February 3 after India and US concluded their much-awaited trade deal. Analysts have suggested what target investors should expect for Nifty 50 as sentiment has improved after the deal.

The bilateral trade deal effectively reduces US tariffs on Indian exports to 18 percent from 50 percent. At around 12 pm, Sensex was up around 3 percent (2,444 points) at 84,110.14, while Nifty 50 was up 3 percent (740 points) at 25,828.85.
India-US trade deal:
&quot;Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25 percent to 18 percent,&quot; Trump wrote in a post on Truth Social after a telephonic conversation with Prime Minister Narendra Modi.

Trump described Modi as “one of my greatest friends” and a “powerful and respected leader of his country,” adding that the two leaders discussed trade, global security and efforts to end the Russia Ukraine war.
Why are markets rallying today?
With the US trade deal now concluded, a prolonged source of uncertainty for markets is finally behind us, said N. Arunagiri, CEO, TrustLine Holdings. “That overhang had weighed on sentiment and risk appetite for an extended period, and its resolution provides an important near-term relief. However, what matters more for markets from here is what comes after the deal,” the analyst said.

Rupee's long-overdue retracement and expected meaningful earnings recovery in FY27, along with structural reforms create a strong and supportive backdrop for markets, said Arunagiri. “From this perspective, the medium-term setup looks increasingly constructive, and we believe these are very positive times for the markets especially for broader small and midcaps,” the analyst added.
JP Morgan sees Nifty 50 at 30,000 by 2026-end:
JP Morgan reiterated its 2026-end target of 30,000 for Indian benchmark index Nifty 50 after India-US trade deal. This marks a rise of nearly 20 percent (4,922 points) from the previous closing level of 25,088.40.

&quot;A comprehensive bilateral agreement may lead to increased foreign investment, a stronger rupee, and improved earnings visibility for export-oriented sectors,&quot; JP Morgan said.

Indian markets significantly declined earlier amid persistent delays in the conclusion of the deal and limited exposure to artificial intelligence theme, which in turn triggered persistent foreign fund outflows since 2025, leading to underperformance against emerging market peers. “India's valuation premium to EM has compressed significantly, and it now trades at a discount to S&amp;amp;P 500,” JP Morgan said.

It added that textiles and apparels, gems and jewellery, engineering goods, chemicals, leather and footwear companies will potentially benefit from the trade deal. “The agreement may also improve earnings visibility for export-oriented sectors such as agriculture and manufacturing, and support a near-term rebound in IT and pharma, led by a reduction in risk premium,” it further said.
'More ambitious year-end trajectory for Nifty 50 after trade deal':
Market commentary has started factoring in a more ambitious year-end trajectory for the Nifty 50, with several participants now suggesting that the index could gravitate towards the 30,000 zone if current macro tailwinds sustain, said Harshal Dasani, Business Head, INVasset PMS.

&quot;This optimism is not anchored to a single trigger, but to a convergence of positives that are steadily improving earnings visibility. The India–US trade deal adds to a series of trade agreements signed over the past year, strengthening India’s export outlook and reinforcing its role as a preferred global manufacturing and services hub at a time when supply chains are being rebalanced,&quot; he said.

Domestically, the growth impulse remains consumption-led. Rate cuts over the past year have lowered financing costs, while tax relief measures have increased disposable income for the middle class, translating into stronger discretionary spending, the analyst explained. With inflation largely under control and liquidity conditions supportive, corporate earnings expectations for the coming quarters remain resilient, he added.

&quot;In this environment, the market’s base case is not aggressive valuation expansion, but steady earnings compounding. If growth momentum holds and global conditions remain benign, the 30,000 mark is increasingly being viewed as an achievable milestone rather than an outlier outcome,&quot; according to Dasani.
'Trade deal instilled confidence in India's earnings trajectory':
The trade agreement between India and the US has also instilled a degree of confidence in the earnings trajectory of India, particularly in export-driven segments, and this is why Nifty targets for the year-end are being revised higher, said Siddharth Maurya, Founder &amp;amp; Managing Director, Vibhavangal Anukulakara.

“Essentially, what this does is that it removes policy-related uncertainties and enhances visibility on demand and investment flows,” he explained.

According to Maurya, Nifty can easily target the 28,000 level by the year-end if the global environment remains stable and the earnings trajectory of India remains strong. “However, this is not likely to be a straight-line journey,” he added.
Some consolidation ahead?
Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, however said that he expects Nifty to remain in a consolidation phase between 25,500 – 26,300 for the next few weeks.

“A decisive and sustained close above 26,400 will be a major breakout trigger, opening the path towards 28,500 in the medium term. On the downside, 24,500 remains a crucial support for the year, while 26,400 stands as a key resistance zone,” he said.

Overall structure remains constructive, but near-term price action suggests range-bound movement before the next directional expansion, the analyst explained.

Follow all LIVE updates from the stock markets here.

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 and Nifty hit record highs after US–India trade deal announcement, Indices saw record gains: Sensex +4200 points, Nifty +1250 points., Experts advise caution, suggesting investors wait for better entry points

* Sensex and Nifty hit record highs after US–India trade deal announcement
* Indices saw record gains: Sensex +4200 points, Nifty +1250 points.
* Experts advise caution, suggesting investors wait for better entry points

Sensex and Nifty hit record highs, posting their biggest single-day gains after a US–India trade deal reduced tariffs. Experts say sentiment has improved, but advise caution, suggesting investors wait for better entry points rather than chasing the rally.

shorts/business/sensex-nifty-log-biggest-single-day-gains-after-india-us-trade-deal

* Sensex and Nifty hit record highs after US–India trade deal announcement
* Indices saw record gains: Sensex +4200 points, Nifty +1250 points.
* Experts advise caution, suggesting investors wait for better entry points

India’s benchmark Sensex and Nifty opened at record highs, registering their biggest single-day gains in absolute terms after Prime Minister Narendra Modi and US President Donald Trump announced a US–India trade deal. Under the agreement, the tariff rate was reduced to 18 percent, marginally lower than the rates applicable to Bangladesh and Pakistan.

The rally marked the biggest single-day gain in absolute terms for the Indian equity benchmarks, with the Sensex opening higher by about 4200 points and the Nifty gaining nearly 1250 points. Both indices jumped more than 5 percent, marking their sharpest gains since April 7, 2020.

Earlier, the second-largest single-day gain in absolute terms was recorded on May 12, 2025, when the Sensex and Nifty surged over 2975 points and 920 points, respectively, after geopolitical tensions between India and Pakistan eased, with both sides agreeing to avoid further escalation.

The third-biggest gain came on June 3, 2024, when the benchmarks jumped more than 2500 points and 710 points, respectively, after exit polls predicted a massive victory for the BJP-led NDA in the Lok Sabha elections. The fourth-largest gain was seen on April 7, 2020, when the Sensex and Nifty rose over 2475 points and 710 points, respectively, amid a sharp rally during the Covid-19 period.

<img class="alignnone size-full wp-image-13807201" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260203041630_sensex-nifty.jpg" alt="sensex nifty" width="1944" height="2437" />

Experts said that as US markets correct and emerging markets stabilise, foreign capital is likely to gradually shift back to India. They noted that such flows do not return overnight, but a positive turn in sentiment is an important first step.

They added that many global investors operate based on “perceived risk,” staying on the sidelines when uncertainty is high. With the trade-related overhang now easing, the perceived risk premium for India is expected to decline.

At the same time, experts cautioned against chasing the rally aggressively. They described the move as a sentiment-changing event rather than a “buy-anything-at-any-price” moment. Markets, they said, had reached a stage where participation had thinned and buying momentum was missing. With sentiment improving, activity and participation are expected to pick up, which is positive, but investors may be better served waiting for more attractive entry points rather than rushing in at the open.

Broader markets also rallied sharply, with the BSE MidCap 150 index surging 4.6 percent, or 721 points, while the BSE Smallcap 250 index gained 4.3 percent, or 261 points.

Sensex, Nifty surge to record highs with biggest gains in absolute terms

India’s benchmark Sensex and Nifty opened at record highs, registering their biggest single-day gains in absolute terms after Prime Minister Narendra Modi and US President Donald Trump announced a US–India trade deal. Under the agreement, the tariff rate was reduced to 18 percent, marginally lower than the rates applicable to Bangladesh and Pakistan.

The rally marked the biggest single-day gain in absolute terms for the Indian equity benchmarks, with the Sensex opening higher by about 4200 points and the Nifty gaining nearly 1250 points. Both indices jumped more than 5 percent, marking their sharpest gains since April 7, 2020.

Earlier, the second-largest single-day gain in absolute terms was recorded on May 12, 2025, when the Sensex and Nifty surged over 2975 points and 920 points, respectively, after geopolitical tensions between India and Pakistan eased, with both sides agreeing to avoid further escalation.

The third-biggest gain came on June 3, 2024, when the benchmarks jumped more than 2500 points and 710 points, respectively, after exit polls predicted a massive victory for the BJP-led NDA in the Lok Sabha elections. The fourth-largest gain was seen on April 7, 2020, when the Sensex and Nifty rose over 2475 points and 710 points, respectively, amid a sharp rally during the Covid-19 period.



Experts said that as US markets correct and emerging markets stabilise, foreign capital is likely to gradually shift back to India. They noted that such flows do not return overnight, but a positive turn in sentiment is an important first step.

They added that many global investors operate based on “perceived risk,” staying on the sidelines when uncertainty is high. With the trade-related overhang now easing, the perceived risk premium for India is expected to decline.

At the same time, experts cautioned against chasing the rally aggressively. They described the move as a sentiment-changing event rather than a “buy-anything-at-any-price” moment. Markets, they said, had reached a stage where participation had thinned and buying momentum was missing. With sentiment improving, activity and participation are expected to pick up, which is positive, but investors may be better served waiting for more attractive entry points rather than rushing in at the open.

Broader markets also rallied sharply, with the BSE MidCap 150 index surging 4.6 percent, or 721 points, while the BSE Smallcap 250 index gained 4.3 percent, or 261 points.

Picks Tech Mahindra,ICICI Bank,JK Tyre and Industries,Infosys,IndusInd Bank after deal, Sustained close above 25,750 post gap-up could revive medium- to long-term bullish trend in Nifty, Support for Nifty is seen near Gann level of 25,361

* Picks Tech Mahindra,ICICI Bank,JK Tyre and Industries,Infosys,IndusInd Bank after deal
* Sustained close above 25,750 post gap-up could revive medium- to long-term bullish trend in Nifty
* Support for Nifty is seen near Gann level of 25,361

shorts/business/chartist-talk-sustained-close-above-25-750-post-gap-up-could-revive-medium-to-long-term-bullish-trend-in-nifty-ashish-kyal-picks-5-stocks

* Picks Tech Mahindra,ICICI Bank,JK Tyre and Industries,Infosys,IndusInd Bank after deal
* Sustained close above 25,750 post gap-up could revive medium- to long-term bullish trend in Nifty
* Support for Nifty is seen near Gann level of 25,361

"The market structure remains bullish, and today’s closing will play a decisive role in setting the tone ahead," said Ashish Kyal, CMT, Founder and CEO, Waves Strategy Advisors in an interview to Moneycontrol.

According to him, a strong gap-up followed by a sustained close above 25,750 can reignite bullish momentum in Nifty 50 from medium to long term perspective. Buying on dips offers a superior risk-reward, while avoiding aggressive trades into the gap and keeping leverage low is advised.

He advised buying <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/techmahindra/TM4">Tech Mahindra</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/tyres/jktyreindustries/JKT01">JK Tyre &amp; Industries</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02">ICICI Bank</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a>, and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a> as he expects broad-based outperformance across sectors post the India–US trade deal.

<strong>Is this the best time for Indian equities now that a major concern—the India–US trade deal—has been resolved? Do you expect a strong bull run for Indian markets from here?</strong>

The 25,750 level remains a key time-based support, and an hourly close above 25,750 is necessary for price stability and continuation.

Although prices corrected sharply on the budget day, the market displayed resilience by staging a relief rally and closing above the 25,000 mark. With short positions built up in the system, any panic covering could further accelerate the upside momentum.

Overall, the market structure remains bullish, and today’s closing will play a decisive role in setting the tone ahead. Historically, price spikes formed during event-driven sessions often define the subsequent trend, making today’s action particularly important.

In summary, a strong gap up followed by a sustained close above 25,750 can reignite bullish momentum from medium to long term perspective. Buying on dips offers a superior risk-reward, while avoiding aggressive trades into the gap and keeping leverage low is advised.

<strong>What is your trading strategy at this stage, and what key levels should investors watch on the upside and downside?</strong>

As mentioned above, the key upside level to watch remains the 25,850 zone, while on the downside, support is placed near the Gann level of 25,361, defining the broader trading range. A euphoric opening is possible due to the overnight event risk, but despite the initial volatility, prices are expected to settle within the 25,550–25,850 zone by today’s close.

<strong>Do you think this is the right time to pick IT stocks?</strong>

The Nifty IT index has been consolidating within a defined range since December 2025, with prices oscillating between 39,340 on the upside and strong support near 37,300. The index closed the previous session around 38,074, keeping it well within this consolidation zone. That said, there is a high probability that the IT index is in the process of forming a durable bottom, which could lead to a strong upside breakout.

From a structural perspective, the daily charts indicate a rounding bottom formation, suggesting a gradual shift from distribution to accumulation. If this pattern plays out as expected, the medium-term upside target for the Nifty IT index is projected near 44,500, making the sector an important space to track going forward.

<strong>Which five stocks would you recommend buying after the finalisation of the India–US trade deal, and why?</strong>

Post the India–US trade deal, we expect broad-based outperformance across sectors, with leadership emerging from fresh stock-specific setups.

In the IT space, Tech Mahindra is well placed, having formed a rounding bottom pattern and standing at the verge of a breakout, with an upside potential towards Rs 2,000.

JK Tyre &amp; Industries has displayed strong relative resilience, consolidating sideways through the broader market correction. A decisive breakout post market stability can trigger an upside move towards Rs 600+, while Rs 495 remains the key downside support.

ICICI Bank is placed at a crucial price-action zone after underperforming its banking peers. A reversal from current levels can lead to a retest of Rs 1,440, while Rs 1,328 remains the key downside support.

Infosys has been consolidating within the Rs 1,600–1,700 range for an extended period. A breakout above Rs 1,700 can trigger an upside move towards Rs 1,850, while Rs 1,600 remains the key support.

IndusInd Bank has formed a classic rounding bottom consolidation, indicating improving structure. A decisive breakout can drive the stock towards Rs 1,100, while Rs 840 remains the key downside support.

<strong>Do you think the Bank Nifty has bottomed out, given the formation of a Tweezer Bottom–like pattern?</strong>

Bank Nifty is positioned near a critical 54-day cycle, indicating a potential bottoming formation and scope for an upside reversal. A strong gap-up opening can push the index above the lifetime high of 60,500, with momentum extending towards 62,500+ in the coming weeks, while 58,000 remains the key downside support.

<em>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.</em>

Chartist Talk: Sustained close above 25,750 post gap-up could revive medium- to long-term bullish trend in Nifty; Ashish Kyal picks 5 stocks

&quot;The market structure remains bullish, and today’s closing will play a decisive role in setting the tone ahead,&quot; said Ashish Kyal, CMT, Founder and CEO, Waves Strategy Advisors in an interview to Moneycontrol.

According to him, a strong gap-up followed by a sustained close above 25,750 can reignite bullish momentum in Nifty 50 from medium to long term perspective. Buying on dips offers a superior risk-reward, while avoiding aggressive trades into the gap and keeping leverage low is advised.

He advised buying Tech Mahindra, JK Tyre &amp;amp; Industries, ICICI Bank, Infosys, and IndusInd Bank as he expects broad-based outperformance across sectors post the India–US trade deal.

Is this the best time for Indian equities now that a major concern—the India–US trade deal—has been resolved? Do you expect a strong bull run for Indian markets from here?

The 25,750 level remains a key time-based support, and an hourly close above 25,750 is necessary for price stability and continuation.

Although prices corrected sharply on the budget day, the market displayed resilience by staging a relief rally and closing above the 25,000 mark. With short positions built up in the system, any panic covering could further accelerate the upside momentum.

Overall, the market structure remains bullish, and today’s closing will play a decisive role in setting the tone ahead. Historically, price spikes formed during event-driven sessions often define the subsequent trend, making today’s action particularly important.

In summary, a strong gap up followed by a sustained close above 25,750 can reignite bullish momentum from medium to long term perspective. Buying on dips offers a superior risk-reward, while avoiding aggressive trades into the gap and keeping leverage low is advised.

What is your trading strategy at this stage, and what key levels should investors watch on the upside and downside?

As mentioned above, the key upside level to watch remains the 25,850 zone, while on the downside, support is placed near the Gann level of 25,361, defining the broader trading range. A euphoric opening is possible due to the overnight event risk, but despite the initial volatility, prices are expected to settle within the 25,550–25,850 zone by today’s close.

Do you think this is the right time to pick IT stocks?

The Nifty IT index has been consolidating within a defined range since December 2025, with prices oscillating between 39,340 on the upside and strong support near 37,300. The index closed the previous session around 38,074, keeping it well within this consolidation zone. That said, there is a high probability that the IT index is in the process of forming a durable bottom, which could lead to a strong upside breakout.

From a structural perspective, the daily charts indicate a rounding bottom formation, suggesting a gradual shift from distribution to accumulation. If this pattern plays out as expected, the medium-term upside target for the Nifty IT index is projected near 44,500, making the sector an important space to track going forward.

Which five stocks would you recommend buying after the finalisation of the India–US trade deal, and why?

Post the India–US trade deal, we expect broad-based outperformance across sectors, with leadership emerging from fresh stock-specific setups.

In the IT space, Tech Mahindra is well placed, having formed a rounding bottom pattern and standing at the verge of a breakout, with an upside potential towards Rs 2,000.

JK Tyre &amp;amp; Industries has displayed strong relative resilience, consolidating sideways through the broader market correction. A decisive breakout post market stability can trigger an upside move towards Rs 600+, while Rs 495 remains the key downside support.

ICICI Bank is placed at a crucial price-action zone after underperforming its banking peers. A reversal from current levels can lead to a retest of Rs 1,440, while Rs 1,328 remains the key downside support.

Infosys has been consolidating within the Rs 1,600–1,700 range for an extended period. A breakout above Rs 1,700 can trigger an upside move towards Rs 1,850, while Rs 1,600 remains the key support.

IndusInd Bank has formed a classic rounding bottom consolidation, indicating improving structure. A decisive breakout can drive the stock towards Rs 1,100, while Rs 840 remains the key downside support.

Do you think the Bank Nifty has bottomed out, given the formation of a Tweezer Bottom–like pattern?

Bank Nifty is positioned near a critical 54-day cycle, indicating a potential bottoming formation and scope for an upside reversal. A strong gap-up opening can push the index above the lifetime high of 60,500, with momentum extending towards 62,500+ in the coming weeks, while 58,000 remains the key downside support.

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.

<b>10</b> out of <b>17</b> years <b>NIFTY PHARMA</b> has given negative returns in <b>February</b>.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	21,730.58	21,911.62	22,182.63	21,459.57	21,278.53	21,007.52	20,826.48
Fibonacci	21,632.25	21,738.93	21,911.62	21,459.57	21,286.88	21,180.20	21,007.52
Camarilla	21,590.99	21,632.43	21,673.86	21,459.57	21,508.11	21,466.67	21,425.24

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