Market Outlook – 12th February 2026

Sensex Weekly Expiry Special | Buy on Dips Strategy It’s Thursday and time for Sensex Weekly Expiry. Markets continue to show resilience despite global uncertainty. Let’s break down the technical, derivative, and sector-wise view for today. 🌍 Global Cues Wall Street: Closed flat after strong US jobs data raised concerns over slower rate cuts. Asian Markets: Trading positive. GIFT Nifty: Indicating a flat to mildly positive opening. India VIX: 11.55 (Low volatility environment) Overall sentiment remains cautiously positive. 📊 Index Technical Outlook 🔵 NIFTY 50 Current Level: 25,953 PCR: 0.89 Key Levels: Resistance: 26,150 → 26,250 Support: 25,900 → 25,850 → 25,750 Immediate Range: 25,700 – 26,200 Broader Range: 25,400 – 26,400 🔎 Nifty has been forming higher highs and higher lows for the last few sessions. 📌 Bias remains positive as long as it holds above 25,900. 🔵 SENSEX Current Level: 84,233 Weekly VWAP: 84,100 Price is trading above weekly VWAP, indicating a bullish stance with buy-on-dips approach. Key Levels: Resistance: 84,600 → 84,800 Support: 83,900 → 83,600 Expected Expiry Range: 83,600 – 84,800 The index formed a small-bodied candle showing indecision, but buyers are active at lower levels. 🔵 BANK NIFTY Current Level: 60,745 Key Levels: Resistance: 61,000 → 61,250 Support: 60,500 → 60,250 Expected Range: 60,250 – 61,250 As long as Bank Nifty sustains above 60,500, strength may continue. 📊 Derivatives & FII Data Nifty PCR decreased from 1.17 to 1.06 Maximum Call OI: 26,000 & 26,100 Maximum Put OI: 25,900 & 26,000 FIIs Net Buyers: ₹943 Cr DIIs Net Sellers: ₹125 Cr FII Long-Short Ratio: 22.14% 📌 Data suggests range-bound movement with positive undertone. 📌 Sector-Wise Opportunities Instead of individual stock names, here is a sector-based approach: 🏦 Banking & Financials Private Banks PSU Banks Asset Management Companies NBFCs 🏗 Infrastructure & Capital Goods Transmission & Power Equipment Engineering & Industrial Projects 🛢 Oil & Gas Upstream Energy Gas Distribution 🏥 Healthcare & Pharma Large Cap Pharma Specialty Chemicals 🚗 Auto & Auto Ancillaries Commercial Vehicles Auto Component Manufacturers 🏠 Real Estate & Building Materials Pipes & Infrastructure Products Realty Developers Selective buying is advised, especially in companies with strong earnings performance. 📌 Expiry Day Strategy (For Experienced Traders) Bullish Strategy: Bull Call Spread near resistance zone Neutral Strategy: Out-of-the-money option writing on both sides ⚠ Suitable only for experienced derivatives traders with proper risk management. 📢 Institutional & Market Data Dollar: ₹90.74 Gold: $5062 per ounce Crude: $69.75 per barrel US 10Y Bond: 4.18% India 10Y Bond: 6.71% Market breadth remains mixed (Advances: 1913 / Declines: 2316). 📝 Conclusion Market sentiment remains positive with buy-on-dips strategy. Expiry volatility may increase in the second half. Focus on: ✔ Strong earnings sectors ✔ Banking & Financials ✔ Infrastructure ✔ Energy Avoid chasing momentum at resistance levels. ⚠ Disclaimer We are not SEBI registered advisors. This content is shared strictly for educational and informational purposes only. Investments in securities markets are subject to market risks. Please consult your financial advisor before making any investment or trading decisions.