Bullish patterns signal Nifty rebound to 25,850; banking stocks shine as defensive buys counter global AI fears.
Indian stock markets gear up for a promising yet measured start this Monday, February 9, 2026, with Sensex and Nifty poised for cautiously positive trading amid a buy-on-dips buzz. After Friday’s modest rebound from intraday lows, investors across Mumbai’s Dalal Street to Sholapur’s trading hubs are eyeing selective opportunities in defensive sectors while navigating global tech headwinds.
Friday Close Sets Optimistic Tone for Week Ahead
Benchmark indices wrapped up the week on a high note despite volatility. Nifty 50 settled at 25,693.70, up 50.90 points or 0.20 percent, while BSE Sensex advanced 266.47 points or 0.32 percent to 83,580.40. Selective buying kicked in during the second half, particularly in consumption-led plays, helping benchmarks recover from early dips.
Siddhartha Khemka from Motilal Oswal Financial Services nailed it: sector-specific rebounds fueled the gains, with FMCG, oil & gas, and private banks drawing fresh interest post-corrections. Broader participation stayed muted though—Nifty Midcap 100 closed flat, Smallcap 100 slipped 0.3 percent, reflecting investor caution in riskier bets.
Sector Rotation: FMCG Leads, IT Lags Behind
FMCG stole the show, surging 2.2 percent led by ITC and Hindustan Unilever—perfect for desi households stocking up amid festive vibes. Consumer durables added 1 percent, acting as a buffer against broader pressures. Oil & gas and private banks also perked up, signaling smart money flowing into reliable earners.
On the flip side, IT continued its slide, with the Nifty IT index down nearly 9 percent over three sessions. Global tech selloffs, sparked by Anthropic’s new legal AI tool and broader AI disruption fears, hammered Indian IT heavyweights. This pressure capped overall upside, but defensive shifts kept markets afloat.
Nifty Technicals: Bullish Candle Sparks Buy-on-Dips Hopes
Technicals scream opportunity for Nifty traders today. Bajaj Broking spotted a bullish candle with a long lower shadow on daily charts, showing solid demand near the 20-day EMA. Key support at 25,400-25,500—blending weekly breakout and EMA confluence—holds the key; staying above keeps bias positive for 25,850 and 26,100 targets.
GIFT Nifty’s pre-open strength at 25,938 (up 241 points) hints at a gap-up start, aligning with US-India trade deal optimism. Deeper supports at 25,000-25,200 near 200-day EMA offer fallback if volatility bites, but experts like those at Replete Equities see mild bullish range-bound action above 25,500. For everyday Indian investors, this means: dips are your friend—accumulate blues like Reliance or HDFC Bank wisely.
Bank Nifty: Hammer Pattern Eyes Upside Breakout
Bank Nifty’s outlook mirrors the positivity, with a bullish hammer candle signaling buying at moving average clusters. Immediate support at 59,500-59,200 (20/50-day EMA overlap) is crucial; holding here opens doors to 60,700-61,200 in coming weeks.
Short-term floor at 58,500-58,000 ties into 100-day EMA and prior gaps, providing resilience. Relative strength in banking—outpacing Nifty—makes it a go-to for balanced portfolios, especially with DII support countering FII flows. Analysts flag potential to breach 60,800 if sentiment holds, a classic Bharat banking rally in motion.
Global Cues Meet Desi Resilience
While AI jitters cloud global tech, domestic strengths shine through. GIFT Nifty’s upbeat cues and US-India trade framework boost exports plays. Volatility gauge India VIX eased to 11.94, hinting controlled swings.
FMCG’s rally underscores consumption resilience—think everyday staples powering through uncertainties. IT’s pain is temporary; long-term AI tailwinds could flip the script, but for now, rotate to stables.
Trading Gyaan for Monday: Stay Smart, Stay Local
Bhai log, here’s the playbook: Watch Nifty 25,500 like a hawk—above, go for measured longs; below, tighten stops. Bank Nifty 59,500 is your safety net. Focus on ITC, HUL for defense; private banks for growth pops.
No major holidays disrupt February trading, so liquidity flows free. With DIIs in buy mode, Indian markets’ trademark resilience prevails—perfect for retail warriors from Maharashtra to MP.
This setup favors patient dip-buyers over chasers. Volatility lingers from global winds, but technicals tilt constructive. Purely informational—verify with your SEBI-registered advisor before any trades.
