Nifty500 Mul50:25:25

Sensex and Nifty traded higher ahead of the union budget on February 1., Investors expect budget support for growth and relief for export sectors., FII buying and optimism over capital gains tax exemptions boost market sentiment.

* Sensex and Nifty traded higher ahead of the union budget on February 1. 
* Investors expect budget support for growth and relief for export sectors.
* FII buying and optimism over capital gains tax exemptions boost market sentiment.

Sensex and Nifty traded higher in a special session ahead of the union budget, driven by optimism over government capex, possible tax relief, FII buying, and news that India may buy Venezuelan oil, helping offset U.S. tariffs and diversify energy imports.

shorts/business/sensex-rises-nearly-200-pts-from-day-s-low-nifty-near-25-300-budget-optimism-among-key-factors-behind-market-rise

* Sensex and Nifty traded higher ahead of the union budget on February 1. 
* Investors expect budget support for growth and relief for export sectors.
* FII buying and optimism over capital gains tax exemptions boost market sentiment.

The benchmark equity indices Sensex and Nifty recovered from the day’s lows and traded marginally higher in a narrow range on Sunday, aided by optimism ahead of the Union Budget for 2026-27 and buying in select stocks.

The Sensex, which opened on a positive note, later witnessed mild fluctuations and was trading at 82,330.23, up 60.45 points or 0.07 percent. The broader Nifty quoted at 25,326.85, up 0.02 percent, at around 10 am.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03">Bharat Electronics</a>, Tata Motors Passenger Vehicles and Power Grid Corporation of India were among the top gainers in the Nifty50 pack, rising up to 2 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/hindalcoindustries/HI">Hindalco Industries</a> and Nestle India were among the major laggards, declining up to 4 percent. Market breadth was positive as about 1886 shares advanced, 1397 shares declined and 151 shares unchanged.

Finance Minister Nirmala Sitharaman is scheduled to present her ninth Union Budget at 11 am.

Market participants said expectations of policy continuity, fiscal discipline and a growth-oriented Budget supported investor sentiment.
<h3>Key factors behind market rise</h3>
1) India to buy Venezuelan oil: U.S. President Donald Trump said India will buy Venezuelan oil, instead of sourcing oil from Iran. Trump made the remarks while speaking to reporters aboard Air Force One, en route to Florida from Washington, DC. The comments came a day after the United States indicated that India could soon resume purchases of Venezuelan oil to replace imports of Russian crude.

Any clarity on alternative oil supplies helps reduce concerns over energy security and import costs, which supports overall market sentiment.

2) Budget Optimism: Ahead of the Budget, investors remained focused on the government’s capital expenditure plans, fiscal prudence and clarity on policy execution.

"If there is an increase in exemption for long-term capital gains tax from Rs 1.25 lakh presently to a higher limit, that would be a positive. From the market perspective, a fiscally prudent, growth-oriented Budget is desirable," said VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd.

"There are rumours of exemption from long-term capital gains tax for certain categories of FIIs. If this happens, it can trigger a rally in the market," he added.

Ponmudi R, CEO of Enrich Money, said markets are likely to remain volatile around the Budget.

"Sharp moves are possible in either direction depending on announcements related to fiscal policy, capex push, sector-specific incentives and the fiscal deficit target, which is expected to be around 4.3–4.4 per cent of GDP for FY27," he said.

3) FII buying: Foreign institutional investors (FIIs) bought equities worth Rs 2,251.37 crore on Friday, according to exchange data.

However, Vijayakumar noted that foreign portfolio investors continued to remain net sellers in January.

"The FPI selling continued in January, with total selling through exchanges touching Rs 38,740 crore. However, the intensity of selling declined sharply in the last few days of the month. FIIs will be looking for cues from the Budget before deciding their strategy going forward," he said.

4) Decline in prices of precious metals: Gold and silver prices witnessed a sharp correction on the MCX, with futures falling up to 6 percent at the open on February 1. As a result, gold exchange-traded funds declined by up to 16 percent.

"The sharp correction in gold and silver, if it persists, can divert investor interest from precious metals to equities," Vijayakumar said.

5) Rise in India Vix: The India VIX, a measure of market volatility, rose over 5 percent to 14.09. Analysts said higher volatility indicates active participation and anticipation of major policy announcements, which often leads to increased trading activity in equities.
<h3>Technical outlook</h3>
Anand James, Chief Market Strategist at Geojit Investments, said the Nifty has managed to hold above key support levels.

"The 25,180 region has held ground so far, preventing a potential fall to 24,715-24,650-24,580. Expect swings and attempts to test both ends of the 25,180–25,400 band. Oscillators permit further upside, with 25,580–25,800 in sight, but weak momentum raises questions on sustainability," he 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.

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Sensex rises over 200 pts from day's low, Nifty near 25,350: Budget optimism among key factors behind market rise

Sensex news today: Sensex rises over 200 pts from day's low, Nifty near 25,350 - Budget optimism among key factors behind market rise

The benchmark equity indices Sensex and Nifty recovered from the day’s lows and traded marginally higher in a narrow range on Sunday, aided by optimism ahead of the Union Budget for 2026-27 and buying in select stocks.

The Sensex, which opened on a positive note, later witnessed mild fluctuations and was trading at 82,330.23, up 60.45 points or 0.07 percent. The broader Nifty quoted at 25,326.85, up 0.02 percent, at around 10 am.

Bharat Electronics, Tata Motors Passenger Vehicles and Power Grid Corporation of India were among the top gainers in the Nifty50 pack, rising up to 2 percent, while Hindalco Industries and Nestle India were among the major laggards, declining up to 4 percent. Market breadth was positive as about 1886 shares advanced, 1397 shares declined and 151 shares unchanged.

Finance Minister Nirmala Sitharaman is scheduled to present her ninth Union Budget at 11 am.

Market participants said expectations of policy continuity, fiscal discipline and a growth-oriented Budget supported investor sentiment.
Key factors behind market rise
1) India to buy Venezuelan oil: U.S. President Donald Trump said India will buy Venezuelan oil, instead of sourcing oil from Iran. Trump made the remarks while speaking to reporters aboard Air Force One, en route to Florida from Washington, DC. The comments came a day after the United States indicated that India could soon resume purchases of Venezuelan oil to replace imports of Russian crude.

Any clarity on alternative oil supplies helps reduce concerns over energy security and import costs, which supports overall market sentiment.

2) Budget Optimism: Ahead of the Budget, investors remained focused on the government’s capital expenditure plans, fiscal prudence and clarity on policy execution.

&quot;If there is an increase in exemption for long-term capital gains tax from Rs 1.25 lakh presently to a higher limit, that would be a positive. From the market perspective, a fiscally prudent, growth-oriented Budget is desirable,&quot; said VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd.

&quot;There are rumours of exemption from long-term capital gains tax for certain categories of FIIs. If this happens, it can trigger a rally in the market,&quot; he added.

Ponmudi R, CEO of Enrich Money, said markets are likely to remain volatile around the Budget.

&quot;Sharp moves are possible in either direction depending on announcements related to fiscal policy, capex push, sector-specific incentives and the fiscal deficit target, which is expected to be around 4.3–4.4 per cent of GDP for FY27,&quot; he said.

3) FII buying: Foreign institutional investors (FIIs) bought equities worth Rs 2,251.37 crore on Friday, according to exchange data.

However, Vijayakumar noted that foreign portfolio investors continued to remain net sellers in January.

&quot;The FPI selling continued in January, with total selling through exchanges touching Rs 38,740 crore. However, the intensity of selling declined sharply in the last few days of the month. FIIs will be looking for cues from the Budget before deciding their strategy going forward,&quot; he said.

4) Decline in prices of precious metals: Gold and silver prices witnessed a sharp correction on the MCX, with futures falling up to 6 percent at the open on February 1. As a result, gold exchange-traded funds declined by up to 16 percent.

&quot;The sharp correction in gold and silver, if it persists, can divert investor interest from precious metals to equities,&quot; Vijayakumar said.

5) Rise in India Vix: The India VIX, a measure of market volatility, rose over 5 percent to 14.09. Analysts said higher volatility indicates active participation and anticipation of major policy announcements, which often leads to increased trading activity in equities.
Technical outlook
Anand James, Chief Market Strategist at Geojit Investments, said the Nifty has managed to hold above key support levels.

&quot;The 25,180 region has held ground so far, preventing a potential fall to 24,715-24,650-24,580. Expect swings and attempts to test both ends of the 25,180–25,400 band. Oscillators permit further upside, with 25,580–25,800 in sight, but weak momentum raises questions on sustainability,&quot; he 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.

NSE and BSE to hold special trading session on February 1 for Union Budget., Finance Minister to present 2026–27 budget; debt and forex markets closed., Analysts expect budget to boost capex, exports, defence, and rural demand.

* NSE and BSE to hold special trading session on February 1 for Union Budget.
* Finance Minister to present 2026–27 budget; debt and forex markets closed.
* Analysts expect budget to boost capex, exports, defence, and rural demand.

NSE and BSE will open for a special session on Feb 1 as Finance Minister Nirmala Sitharaman presents the 2026–27 budget. Investors await policy signals on growth, capex, and export support amid weak market performance and record foreign fund outflows.

shorts/business/budget-2026-are-nse-bse-open-or-will-stock-markets-observe-holiday-today

* NSE and BSE to hold special trading session on February 1 for Union Budget.
* Finance Minister to present 2026–27 budget; debt and forex markets closed.
* Analysts expect budget to boost capex, exports, defence, and rural demand.

The National Stock Exchange (NSE) and the BSE will remain open on February 1 for a special trading session on account of the Union Budget. Finance Minister Nirmala Sitharaman will present the budget for 2026–27 at 11 am.

The domestic equity markets are set to open higher as investors track policy signals on growth, government capital expenditure and support for export-oriented sectors impacted by US tariffs.

GIFT Nifty futures closed at 25,443 on Friday, indicating the NSE Nifty 50 is likely to open above its previous close of 25,320.65.

Debt and foreign exchange markets will remain closed.

The benchmark Nifty 50 has gained 7.8 percent since the previous budget but has lagged emerging market and Asian peers amid record foreign fund outflows and subdued corporate earnings.

Policy measures since the last budget, including GST cuts, interest rate reductions and liquidity easing, have improved prospects for domestic earnings and consumption demand.

"We expect the budget to strike a balance between sustaining public capex momentum and adhering to the fiscal consolidation path," said Pranav Haridasan, Managing Director and Chief Executive Officer, Axis Securities.

India’s economy is projected to grow between 6.8 percent and 7.2 percent in fiscal 2027, marginally lower than the estimated 7.4 percent growth in fiscal 2026, according to the Economic Survey released on Thursday.

Analysts expect targeted steps to support export-oriented sectors facing US tariff pressures, while defence spending is likely to rise to boost domestic manufacturing.

Equities have had a weak start to 2026. The Nifty and Sensex declined 3.1 per cent and 3.5 per cent, respectively, in January, their worst monthly performance in 11 months, weighed down by weak earnings, global trade concerns and around USD 4 billion in foreign outflows. The outflows also pushed the rupee to record lows.

Higher capital outlays could support industrial and infrastructure stocks, while measures aimed at boosting rural demand may benefit consumer-facing companies.

An extension of production-linked incentive schemes could aid electronics manufacturers, while insurers may gain if tax deductions on life insurance products are increased.
<h3>(Inputs from Reuters)</h3>
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.

Budget 2026: Are NSE, BSE open or will stock markets observe holiday today?

The National Stock Exchange (NSE) and the BSE will remain open on February 1 for a special trading session on account of the Union Budget. Finance Minister Nirmala Sitharaman will present the budget for 2026–27 at 11 am.

The domestic equity markets are set to open higher as investors track policy signals on growth, government capital expenditure and support for export-oriented sectors impacted by US tariffs.

GIFT Nifty futures closed at 25,443 on Friday, indicating the NSE Nifty 50 is likely to open above its previous close of 25,320.65.

Debt and foreign exchange markets will remain closed.

The benchmark Nifty 50 has gained 7.8 percent since the previous budget but has lagged emerging market and Asian peers amid record foreign fund outflows and subdued corporate earnings.

Policy measures since the last budget, including GST cuts, interest rate reductions and liquidity easing, have improved prospects for domestic earnings and consumption demand.

&quot;We expect the budget to strike a balance between sustaining public capex momentum and adhering to the fiscal consolidation path,&quot; said Pranav Haridasan, Managing Director and Chief Executive Officer, Axis Securities.

India’s economy is projected to grow between 6.8 percent and 7.2 percent in fiscal 2027, marginally lower than the estimated 7.4 percent growth in fiscal 2026, according to the Economic Survey released on Thursday.

Analysts expect targeted steps to support export-oriented sectors facing US tariff pressures, while defence spending is likely to rise to boost domestic manufacturing.

Equities have had a weak start to 2026. The Nifty and Sensex declined 3.1 per cent and 3.5 per cent, respectively, in January, their worst monthly performance in 11 months, weighed down by weak earnings, global trade concerns and around USD 4 billion in foreign outflows. The outflows also pushed the rupee to record lows.

Higher capital outlays could support industrial and infrastructure stocks, while measures aimed at boosting rural demand may benefit consumer-facing companies.

An extension of production-linked incentive schemes could aid electronics manufacturers, while insurers may gain if tax deductions on life insurance products are increased.
(Inputs from Reuters)
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.

Domestic benchmarks Nifty 50 and Sensex are likely to open the Union Budget session on weak footing, as poor global cues, persistent FII outflows, and a weak currency dampen sentiment.

Markets are likely to remain highly volatile, with sharp moves possible in either direction depending on key announcements around fiscal policy, capex push, sector-specific incentives, and the fiscal deficit target (expected around 4.3–4.4% of GDP for FY27), according to analysts.

On Friday, the S&amp;P 500 its decline on Friday, with the benchmark index slipping 0.43 percent, marking its third consecutive losing session. The Dow Jones Industrial Average fell 0.36 percent, while the tech-heavy Nasdaq Composite underperformed, sliding 0.94 percent. All three major indexes were down more than 1 percent at their intraday lows.

Stocks retreated as technology shares stayed under pressure, even as investors broadly welcomed President Donald Trump’s nomination of Kevin Warsh as Federal Reserve chair.

A favourable Budget reaction could trigger an upside breakout, while any disappointment or profit-booking may pull indices back towards lower support zones. “Until there is clarity from the Budget, the overall bias remains cautious to neutral,” said Ponmudi R, CEO of Enrich Money.

In the previous session, the Nifty declined 0.4 percent to snap a three-day winning streak weighed down by sharp losses in metal and IT stocks.

However, between the last Budget and now, benchmark indices delivered modest returns, masking wide dispersion beneath the surface. Midcaps outperformed, but smallcaps slipped marginally, down 0.5 percent, reflecting tighter liquidity and selective risk-taking.

India's underperformance becomes more pronounced when viewed against global peers in dollar terms. While the Sensex and Nifty delivered returns of just 0.3 percent and 1.8 percent respectively (in dollar terms), several global indices posted outsized gains. The Nasdaq climbed 20.7 percent, the S&amp;P 500 rose 15.4 percent, and Japan's Nikkei jumped 37 percent.

Against this backdrop, investors are looking to the upcoming Budget for clarity on growth support, fiscal discipline and sector-specific triggers that could broaden participation and restore confidence. Whether the next budget can reverse India's relative underperformance and revive risk appetite remains the key question as markets turn the page to a new fiscal year.

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.

Nifty, Sensex may see weak start on Budget session amid poor global cues

Domestic benchmarks Nifty 50 and Sensex are likely to open the Union Budget session on weak footing, as poor global cues, persistent FII outflows, and a weak currency dampen sentiment.

Markets are likely to remain highly volatile, with sharp moves possible in either direction depending on key announcements around fiscal policy, capex push, sector-specific incentives, and the fiscal deficit target (expected around 4.3–4.4% of GDP for FY27), according to analysts.

On Friday, the S&amp;amp;P 500 its decline on Friday, with the benchmark index slipping 0.43 percent, marking its third consecutive losing session. The Dow Jones Industrial Average fell 0.36 percent, while the tech-heavy Nasdaq Composite underperformed, sliding 0.94 percent. All three major indexes were down more than 1 percent at their intraday lows.

Stocks retreated as technology shares stayed under pressure, even as investors broadly welcomed President Donald Trump’s nomination of Kevin Warsh as Federal Reserve chair.

A favourable Budget reaction could trigger an upside breakout, while any disappointment or profit-booking may pull indices back towards lower support zones. “Until there is clarity from the Budget, the overall bias remains cautious to neutral,” said Ponmudi R, CEO of Enrich Money.

In the previous session, the Nifty declined 0.4 percent to snap a three-day winning streak weighed down by sharp losses in metal and IT stocks.

However, between the last Budget and now, benchmark indices delivered modest returns, masking wide dispersion beneath the surface. Midcaps outperformed, but smallcaps slipped marginally, down 0.5 percent, reflecting tighter liquidity and selective risk-taking.

India's underperformance becomes more pronounced when viewed against global peers in dollar terms. While the Sensex and Nifty delivered returns of just 0.3 percent and 1.8 percent respectively (in dollar terms), several global indices posted outsized gains. The Nasdaq climbed 20.7 percent, the S&amp;amp;P 500 rose 15.4 percent, and Japan's Nikkei jumped 37 percent.

Against this backdrop, investors are looking to the upcoming Budget for clarity on growth support, fiscal discipline and sector-specific triggers that could broaden participation and restore confidence. Whether the next budget can reverse India's relative underperformance and revive risk appetite remains the key question as markets turn the page to a new fiscal year.

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.

Sensex Today | Stock Market LIVE Updates: Sun Pharma, Bajaj Auto, Bharat Electronics, HDFC Bank, Axis Bank were among major gainers on the Nifty, while losers were Hindalco, Tata Steel, JSW Steel, Coal India, Adani Enterprises. Nifty Midcap index sheds 0.7% and smallcap index down 1.5%. Among sectors, metal index down 4%, PSU Bank index down 1%.

Stock Market LIVE Updates: Sensex up 200 pts, Nifty at 25,370 ahead on Union Budget; Power Grid, BEL, Tata Motors Passenger Vehicles top gainers

Live Blog

Expect Volatility to pick up sharply over next 2–3 sessions, 25,550–25,600 to be a stiff resistance for Nifty 50, 24,950–24,900 band remains a critical support area

* Expect Volatility to pick up sharply over next 2–3 sessions
* 25,550–25,600 to be a stiff resistance for Nifty 50
* 24,950–24,900 band remains a critical support area

shorts/business/chartist-talk-sudeep-shah-bets-on-indus-towers-nestle-india-city-union-bank-for-budget-day

* Expect Volatility to pick up sharply over next 2–3 sessions
* 25,550–25,600 to be a stiff resistance for Nifty 50
* 24,950–24,900 band remains a critical support area

Sudeep Shah, the Head - Technical and Derivatives Research at SBI Securities sees the absence of clear directional strength in the Nifty 50 tracking momentum indicators, but bets on Indus Towers, Nestle India, City Union Bank for Budget day.

According to him, the technical setup suggests a potential breakout and further upside in Indus Towers, while with the RSI sustaining above 60, price action and momentum indicators point towards continuation of the ongoing up move in Nestle India.

In case of City Union Bank, he said CUB/Private Bank ratio chart has given a fresh breakout, highlighting potential relative outperformance of the stock within the sector. Overall, price action and indicators suggest the stock is well-positioned for a breakout and move higher, he said.

Are you more bullish on the Nifty 50 rallying toward 25,700 than bearish about a retest of the January low on Budget day?

Over the past seven trading sessions, the benchmark Nifty index has been locked in a narrow trading range of just 539 points (24,919–25,458). Despite this compression, the index saw weekly gains of over 1%, forming a small-bodied candle with long wicks on both sides on the weekly chart. Such a structure typically signals hesitation and lack of conviction, as market participants stay cautious ahead of the Union Budget 2026—a pivotal event known to reshape sectoral narratives and investor sentiment. But when indecision stretches this long, it often sets the stage for something far bigger.

A seven-session phase of counter-trend consolidation has led to the development of a Bearish Flag–like structure on the charts. This pattern has emerged after a sharp 5% correction within just 11 trading sessions. Technically, Nifty continues to hover around its crucial 200-day EMA, reinforcing its role as a long-term support zone. However, the index remains decisively below its 20, 50, and 100-day EMAs. Momentum indicators, too, point toward a sideways bias, highlighting the absence of clear directional strength. The calm on the surface, however, may be hiding a coiled spring underneath.

Looking ahead, volatility is expected to pick up sharply over the next 2–3 sessions, with the Union Budget 2026 scheduled to be presented by the Finance Minister on February 1. From a level’s perspective, the 25,550–25,600 zone—where the 20-day and 100-day EMAs converge will act as a stiff resistance, while the 24,950–24,900 band remains a critical support area. A decisive breakout beyond either side could open the door to a strong directional move. Until then, the event-driven uncertainty warrants a cautious, risk-managed approach rather than aggressive positioning.

Do you expect the Bank Nifty to hit fresh highs on Budget day?

The benchmark Bank Nifty index continues to stand out as one of the market’s strongest performers, consistently outperforming the frontline indices. During the previous week, the index took decisive support near its 100-day EMA, which acted as a reliable demand zone and triggered a sharp rebound. By Friday, Bank Nifty had registered a weekly gain of nearly 2%, forming a bullish candle with a minor upper shadow, indicating sustained buying interest throughout the week.

What further highlights its strength is the fact that Bank Nifty is now just 1.36% away from its all-time high, while the broader Nifty remains over 4% below its record peak—clearly underscoring the index’s strong relative outperformance. This sentiment is also validated by the ratio chart, which continues to display a healthy pattern of higher tops and higher bottoms against the Nifty.

From a technical standpoint, Bank Nifty is comfortably trading above all its key moving averages, and importantly, these averages are sloping upward, reflecting a firmly bullish structure. This alignment typically signifies strong underlying momentum and a supportive trend backdrop. However, in the short term, momentum indicators are pointing to sideways movement, suggesting that the index may consolidate briefly before attempting the next directional move.

Looking ahead, the zone between 60,000 and 60,100 will act as a critical resistance band for the index. A sustained breakout above 60,100 could open the gates for a sharp upward move, potentially taking the index toward 60,600, followed by 61,200 in the short term.

On the downside, the region between 58,700 and 58,600 will serve as an important support area, and any pullback into this zone is likely to attract fresh buying interest, keeping the broader trend intact.

Which two stocks are on your buy radar for Budget day?

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-equipment/industowers/BI14">Indus Towers</a>

Indus Towers has staged a sharp rebound after finding support at its 50-day EMA on January 21. Momentum has improved meaningfully, with the RSI rising from 44 to 63 in just five sessions. A bullish DI+ crossover over DI- on the ADX signals improving trend strength. The MACD has also turned positive, crossing above the signal line and holding well above zero.

With prices facing stiff resistance in Rs 445–455 resistance zone since the start of January, the setup suggests a potential breakout and further upside. Hence, we recommend accumulating the stock in the zone of Rs 445-440 with a stop-loss of Rs 430. On the upside, it is likely to test the level of Rs 475 in the short term.

<a href="https://www.moneycontrol.com/india/stockpricequote/food-processing/nestleindia/NI">Nestle India</a>

Since early January, Nestle India has been consolidating in the Rs 1,262–1,333 range while repeatedly finding support at its 50-day EMA, highlighting strong buying interest at this level. Momentum has turned favourable with the DI+ crossing above DI- on the ADX, signaling improving bullish trend strength.

The stock has also formed a strong bullish candle backed by a surge in volumes. With the RSI sustaining above 60, price action and momentum indicators point towards continuation of the ongoing up move. Hence, we recommend accumulating the stock in the zone of Rs 1,340-1,330 with a stop-loss of Rs 1,295. On the upside, it is likely to test the level of Rs 1,430 in the short term.

Do you expect the uptrend to continue in <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8">Vodafone Idea</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/aurobindopharma/AP">Aurobindo Pharma</a>, and <a href="https://www.moneycontrol.com/india/stockpricequote/consumer-goods-white-goods/bluestar/BS">Blue Star</a> after the sharp rally?

Vodafone Idea has witnessed profit booking after hitting a high of Rs 12.80 on December 31. The stock corrected towards its 100-day EMA and has shown signs of a bounce from those levels. The DI+ crossing above DI- on the ADX suggests improving bullish strength. As long as the stock holds the Rs 9.5–9.7 support zone, the pullback is likely to remain healthy with scope for continuation.

Aurobindo Pharma briefly slipped below its key short- and long-term moving averages, but a sharp pullback over the last two sessions helped it reclaim these levels swiftly. The broader structure remains sideways, and with the pharma sector underperforming the Nifty, sustained upside may require a decisive breakout above Rs 1,240–1,250 to revive buying interest.

Blue Star has seen a strong bounce from recent lows; however, the lower top - lower bottom structure on the daily chart remains intact. A clear breakout above Rs 1,870–1,880 is needed to negate this pattern; until then, price action may stay choppy.

Do you see a significant breakout of the rounding pattern in <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/cityunionbank/CUB">City Union Bank</a>?

City Union Bank has taken strong support at its 50-day EMA and rebounded sharply to close near its previous swing high zone of Rs 300–305. It has given a stage-2 cup pattern breakout on a daily scale. The stock continues to form a higher high–higher low structure on the daily chart, keeping the uptrend intact.

Momentum indicators are supportive, with the RSI rising and holding above 60, indicating strengthening bullish momentum. The DI+ crossing above DI- on the ADX suggests improving trend strength, while the MACD moving above the zero and signal lines confirms positive momentum.

Additionally, the City Union Bank/Private Bank ratio chart has given a fresh breakout, highlighting potential relative outperformance of the stock within the sector. Overall, price action and indicators suggest the stock is well-positioned for a breakout and move higher.

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.

Chartist Talk: Sudeep Shah bets on Indus Towers, Nestle India, City Union Bank for Budget day

Sudeep Shah, the Head - Technical and Derivatives Research at SBI Securities sees the absence of clear directional strength in the Nifty 50 tracking momentum indicators, but bets on Indus Towers, Nestle India, City Union Bank for Budget day.

According to him, the technical setup suggests a potential breakout and further upside in Indus Towers, while with the RSI sustaining above 60, price action and momentum indicators point towards continuation of the ongoing up move in Nestle India.

In case of City Union Bank, he said CUB/Private Bank ratio chart has given a fresh breakout, highlighting potential relative outperformance of the stock within the sector. Overall, price action and indicators suggest the stock is well-positioned for a breakout and move higher, he said.

Are you more bullish on the Nifty 50 rallying toward 25,700 than bearish about a retest of the January low on Budget day?

Over the past seven trading sessions, the benchmark Nifty index has been locked in a narrow trading range of just 539 points (24,919–25,458). Despite this compression, the index saw weekly gains of over 1%, forming a small-bodied candle with long wicks on both sides on the weekly chart. Such a structure typically signals hesitation and lack of conviction, as market participants stay cautious ahead of the Union Budget 2026—a pivotal event known to reshape sectoral narratives and investor sentiment. But when indecision stretches this long, it often sets the stage for something far bigger.

A seven-session phase of counter-trend consolidation has led to the development of a Bearish Flag–like structure on the charts. This pattern has emerged after a sharp 5% correction within just 11 trading sessions. Technically, Nifty continues to hover around its crucial 200-day EMA, reinforcing its role as a long-term support zone. However, the index remains decisively below its 20, 50, and 100-day EMAs. Momentum indicators, too, point toward a sideways bias, highlighting the absence of clear directional strength. The calm on the surface, however, may be hiding a coiled spring underneath.

Looking ahead, volatility is expected to pick up sharply over the next 2–3 sessions, with the Union Budget 2026 scheduled to be presented by the Finance Minister on February 1. From a level’s perspective, the 25,550–25,600 zone—where the 20-day and 100-day EMAs converge will act as a stiff resistance, while the 24,950–24,900 band remains a critical support area. A decisive breakout beyond either side could open the door to a strong directional move. Until then, the event-driven uncertainty warrants a cautious, risk-managed approach rather than aggressive positioning.

Do you expect the Bank Nifty to hit fresh highs on Budget day?

The benchmark Bank Nifty index continues to stand out as one of the market’s strongest performers, consistently outperforming the frontline indices. During the previous week, the index took decisive support near its 100-day EMA, which acted as a reliable demand zone and triggered a sharp rebound. By Friday, Bank Nifty had registered a weekly gain of nearly 2%, forming a bullish candle with a minor upper shadow, indicating sustained buying interest throughout the week.

What further highlights its strength is the fact that Bank Nifty is now just 1.36% away from its all-time high, while the broader Nifty remains over 4% below its record peak—clearly underscoring the index’s strong relative outperformance. This sentiment is also validated by the ratio chart, which continues to display a healthy pattern of higher tops and higher bottoms against the Nifty.

From a technical standpoint, Bank Nifty is comfortably trading above all its key moving averages, and importantly, these averages are sloping upward, reflecting a firmly bullish structure. This alignment typically signifies strong underlying momentum and a supportive trend backdrop. However, in the short term, momentum indicators are pointing to sideways movement, suggesting that the index may consolidate briefly before attempting the next directional move.

Looking ahead, the zone between 60,000 and 60,100 will act as a critical resistance band for the index. A sustained breakout above 60,100 could open the gates for a sharp upward move, potentially taking the index toward 60,600, followed by 61,200 in the short term.

On the downside, the region between 58,700 and 58,600 will serve as an important support area, and any pullback into this zone is likely to attract fresh buying interest, keeping the broader trend intact.

Which two stocks are on your buy radar for Budget day?

Indus Towers

Indus Towers has staged a sharp rebound after finding support at its 50-day EMA on January 21. Momentum has improved meaningfully, with the RSI rising from 44 to 63 in just five sessions. A bullish DI+ crossover over DI- on the ADX signals improving trend strength. The MACD has also turned positive, crossing above the signal line and holding well above zero.

With prices facing stiff resistance in Rs 445–455 resistance zone since the start of January, the setup suggests a potential breakout and further upside. Hence, we recommend accumulating the stock in the zone of Rs 445-440 with a stop-loss of Rs 430. On the upside, it is likely to test the level of Rs 475 in the short term.

Nestle India

Since early January, Nestle India has been consolidating in the Rs 1,262–1,333 range while repeatedly finding support at its 50-day EMA, highlighting strong buying interest at this level. Momentum has turned favourable with the DI+ crossing above DI- on the ADX, signaling improving bullish trend strength.

The stock has also formed a strong bullish candle backed by a surge in volumes. With the RSI sustaining above 60, price action and momentum indicators point towards continuation of the ongoing up move. Hence, we recommend accumulating the stock in the zone of Rs 1,340-1,330 with a stop-loss of Rs 1,295. On the upside, it is likely to test the level of Rs 1,430 in the short term.

Do you expect the uptrend to continue in Vodafone Idea, Aurobindo Pharma, and Blue Star after the sharp rally?

Vodafone Idea has witnessed profit booking after hitting a high of Rs 12.80 on December 31. The stock corrected towards its 100-day EMA and has shown signs of a bounce from those levels. The DI+ crossing above DI- on the ADX suggests improving bullish strength. As long as the stock holds the Rs 9.5–9.7 support zone, the pullback is likely to remain healthy with scope for continuation.

Aurobindo Pharma briefly slipped below its key short- and long-term moving averages, but a sharp pullback over the last two sessions helped it reclaim these levels swiftly. The broader structure remains sideways, and with the pharma sector underperforming the Nifty, sustained upside may require a decisive breakout above Rs 1,240–1,250 to revive buying interest.

Blue Star has seen a strong bounce from recent lows; however, the lower top - lower bottom structure on the daily chart remains intact. A clear breakout above Rs 1,870–1,880 is needed to negate this pattern; until then, price action may stay choppy.

Do you see a significant breakout of the rounding pattern in City Union Bank?

City Union Bank has taken strong support at its 50-day EMA and rebounded sharply to close near its previous swing high zone of Rs 300–305. It has given a stage-2 cup pattern breakout on a daily scale. The stock continues to form a higher high–higher low structure on the daily chart, keeping the uptrend intact.

Momentum indicators are supportive, with the RSI rising and holding above 60, indicating strengthening bullish momentum. The DI+ crossing above DI- on the ADX suggests improving trend strength, while the MACD moving above the zero and signal lines confirms positive momentum.

Additionally, the City Union Bank/Private Bank ratio chart has given a fresh breakout, highlighting potential relative outperformance of the stock within the sector. Overall, price action and indicators suggest the stock is well-positioned for a breakout and move higher.

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.

3 out of 4 years Nifty500 Mul50:25:25 has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	15,930.47	15,992.03	16,101.82	15,820.68	15,759.12	15,649.33	15,587.77
Fibonacci	15,886.14	15,926.58	15,992.03	15,820.68	15,755.23	15,714.79	15,649.33
Camarilla	15,884.61	15,900.31	15,916.02	15,820.68	15,853.19	15,837.49	15,821.78

INDEX CONTRIBUTION - Nifty500 Mul50:25:25

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