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As long as these indices hold above the midline of the Bollinger Bands (20 DMA), the trend remains in favour of the bulls, with a continuation of the buy-on-dips strategy, experts said.
Consolidation with range-bound trading may continue over the next couple of sessions. Below are some short-term trading ideas to consider.
Momentum indicators gave a clear buy signal and the VIX dropped further, while the index sustained above all key moving averages as well as above the previous day’s bullish gap.
The weekly options data also indicated 26,000 as a resistance zone for the Nifty 50 (where the maximum Call open interest is placed), followed by immediate resistance at 25,800. However, 25,500, where the maximum Put open interest is observed, is likely to be a crucial support.
The indices are expected to see some consolidation with range-bound trading, though the trend remains in favour of the bulls.
The market may consolidate after this stellar run, but bulls remain in control. Below are some short-term trading ideas to consider.
Overall, trend remains positive, but after this stellar run, consolidation with support in the 25,600–25,500 zone cannot be ruled out.
Weekly options data 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.
Markets reacted positively after US President Donald Trump said Washington would reduce the reciprocal tariff on Indian goods to 18 percent.
Buying on dips offers a superior risk-reward, while avoiding aggressive trades into the gap and keeping leverage low is advised, said Ashish Kyal.
It would be crucial for the markets to go back inside the original 500-point trading zone created between 26,200 and 25,700. If this happens, then the primary trend would stay intact, said Milan Vaishnav.
US President Donald Trump announced a trade deal with India on Monday, reducing the tariff rate on Indian goods to 18 percent from 50 percent, on the condition that India should stop buying Russian oil and lower trade barriers.
Technically, if the Nifty 50 surpasses and sustains above the crucial resistance zone of 25,600–25,700 on February 3, the entry into bullish momentum could drive the index toward the psychological 26,000 zone in the upcoming sessions.
The market is expected to return to strong momentum, especially after the United States reduced tariffs on Indian goods to 18 percent from 50 percent. Below are some short-term trading ideas to consider after the India–US trade deal.
Follow-up buying interest is needed for bulls to regain control, which now appears possible in the upcoming sessions as the US reduced reciprocal tariffs on Indian goods to 18 percent from 25 percent.
Weekly options data indicated that the Nifty 50 may trade in the range of 24,800–25,500 in the short term, as a break on either side of the range could provide a firm directional move.
The bearish sentiment prevailed in the market, with the Nifty 50 decisively trading below all key moving averages and the momentum indicators generating sell signal.
The market may consolidate near the previous day’s low after the sharp correction. Below are some short-term trading ideas to consider.
The index slipped decisively below the 200-day EMA—the last key EMA support—and hit a five-month low, with momentum indicators flashing sell signals.
Markets witnessed biggest Budget Day fall in 6 yrs. Earlier, on February 1, 2020, the Sensex had ended 987.96 points, or 2.42 percent, lower.
Weekly options data suggest that 25,000 is likely to act as immediate resistance, while 24,500 is seen as immediate support for the Nifty 50.
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.
Aggressive Call writing at and above the level of 25,500 indicates that traders expect resistance to persist for Nifty 50 unless the Budget delivers a strong positive surprise.
Most experts expect the Nifty 50 to trade in the 24,900–25,500 range, as a breakout on either side could provide a firm directional cue.
The market is expected to remain range-bound with an elevated VIX. Below are some short-term trading ideas to consider.
