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Market Outlook 9 February 2026: Can Bulls Extend the Momentum? : Indian Investors Should Track Today
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Summary
- Strong global cues with US markets higher and GIFT Nifty up 190 points signal a gap-up opening.
- FIIs turned net buyers in cash; F&O data shows mixed positioning.
- Nifty resistance seen near 25,800–26,000; Bank Nifty aiming above 60,500.
- Volatility index cooled to 11.94, indicating improving sentiment.
- Stock-specific approach advised after recent consolidation.
Market Outlook 9 February 2026: Can Bulls Extend the Momentum?
Indian markets enter the new week with encouraging global signals. US indices closed firmly in the green, Dow futures are trading higher and Asian markets are largely positive. The GIFT Nifty surge of nearly 190 points suggests that Dalal Street may witness a strong gap-up opening today.
After a phase of consolidation, sentiment appears to be turning constructive. However, sustainability of the move will depend on how Nifty behaves near key resistance zones and whether domestic institutions continue to absorb supply from foreign investors.
Global Markets Set the Stage
Overnight strength in Wall Street has improved risk appetite worldwide. The Dow Jones ended more than 1200 points higher, reflecting renewed confidence in growth and easing concerns around interest rates. Dow futures are adding another 72 points, while most Asian indices are trading in positive territory.
For Indian markets, such global stability is crucial. Historically, whenever US markets deliver a broad-based rally, emerging markets including India tend to attract fresh flows. Export-oriented sectors such as IT and pharma could particularly benefit from the improved global mood.
FII & DII Activity: Who Is Driving the Market?
Institutional participation remains the key swing factor. On Friday, Foreign Institutional Investors bought equities worth ₹1,951 crore, while Domestic Institutional Investors sold ₹1,265 crore, resulting in a net inflow of ₹686 crore.
This shift from persistent FII selling to selective buying is an important development. It indicates that valuations around the 25,000 zone in Nifty are becoming attractive for long-term money. DIIs, on the other hand, continue to book profits after the recent bounce.
In the derivatives segment, FIIs showed mixed behaviour:
- Addition of long positions in index calls
- Increase in put longs as a hedge
- Simultaneous rise in short futures
Such data suggests that large players expect volatility around higher levels rather than a one-sided rally.
What F&O Indicators Are Signalling
- Nifty PCR improved to 0.96 from 0.81, reflecting better put writing and bullish bias.
- Highest Open Interest is placed at 27,000 Call and 25,500 Put, defining the broader range.
- Max Pain at 25,650 hints at magnet effect around this zone.
- India VIX fell 1.87% to 11.94, showing cooling nervousness.
For traders, a declining VIX along with rising PCR usually supports buy-on-dip strategies. Yet the heavy call OI near 26,000 could act as a stiff hurdle for the index today.
Nifty Technical View
The index is likely to open with a gap above recent consolidation. The immediate challenge lies between 25,800 and 26,000. A decisive move above this band can trigger short covering towards 26,100 and 26,300.
On the downside, 25,640 acts as the first support. If profit booking emerges after the gap-up, the next cushion is placed at 25,500–25,450. Traders should watch the first hour range for confirmation.
Trading approach for the day
- Buy on dips near 25,700 with strict stops
- Avoid aggressive shorts unless 25,640 breaks
- Focus on relative outperformers rather than index chasing
Bank Nifty Outlook
Banking stocks have been the pillar of the recent recovery. Bank Nifty is expected to open above the psychological mark of 60,500. Sustaining above this level could take the index towards 61,000–62,000.
Support is placed at 59,800 and 59,500. PSU banks and select private lenders are showing improved chart structure backed by better credit growth commentary.
Sectoral Themes to Watch
- IT Services: Beneficiary of strong US cues and stable rupee.
- Capital Goods: Order inflow momentum continues from government spending.
- Auto: Monthly sales and rural demand recovery support sentiment.
- Metals: Global commodity prices remain firm, aiding margins.
- Mid & Small Caps: Likely to participate once large caps confirm breakout.
Investors should prefer quality names with healthy balance sheets rather than speculative counters.
Impact on Indian Investors
For retail participants, the message is clear: the trend is improving but the market is not yet in a runaway bull phase. SIP investors can continue staggered buying, while short-term traders must respect risk management.
Regulatory safeguards by SEBI around margin norms and disclosure standards have made markets more transparent. Choosing a broker with strong compliance, research support and technology becomes essential in such phases.
Practical Strategy for Today
- Use the gap-up to book partial profits in overbought positions
- Rotate into sectors showing earnings visibility
- Keep position size moderate ahead of major resistance
- Avoid emotional trades in the first 30 minutes
Remember that one positive global session does not change the long-term trend; consistency of flows will.
Why Research-Backed Decisions Matter
Markets in 2026 are increasingly data driven. Access to real-time analytics, F&O insights and expert interpretation helps investors stay ahead. Platforms offering integrated research, education and seamless execution provide a significant edge, especially for new participants.
Frequently Asked Questions
1. Will today’s gap-up sustain?
Sustainability depends on Nifty holding above 25,800. Follow-up buying from FIIs and lower VIX would support the move.
2. What is the key level for Bank Nifty?
60,500 is the immediate hurdle; closing above it can open the path to 61,500+.
3. Should beginners trade on opening tick?
It is safer to wait for the first 15–30 minutes to avoid volatility traps.
4. Which sectors look strong?
IT, banking and capital goods are showing better risk-reward currently.
5. Is this a good time for long-term investing?
Staggered accumulation in quality stocks remains advisable despite short-term swings.
Final Word
The Market Outlook 9 February 2026 clearly tilts in favour of the bulls with supportive global cues, improving FII participation and falling volatility. Yet disciplined execution is essential near crucial resistance zones.
At Swastika Investmart, investors get access to SEBI-registered research, advanced trading technology, educational resources and dedicated customer support to navigate such market phases confidently.
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