Nifty futures are near 25,915, suggesting modest gains, while derivative data points to strong resistance at 26,000 and support at 25,800. Call writers dominate at-the-money strikes, and the Put–Call Ratio has risen to 1.05.
Indian equity markets are likely to open on a flattish note on Tuesday and likely to consolidate further. According to analysts, the market is looking for fresh triggers post Indo-US deal, while the return of foreign portfolio investors will lend support to the bullish undertone.
Ponmudi R, CEO of Enrich Money, said the India–US The interim trade deal continues to anchor sentiment, being viewed as a structural positive that enhances India’s export competitiveness.
“FII participation has turned meaningfully supportive this month, providing a clear sentiment tailwind, while DIIs remain steady, offering underlying stability despite neutral activity in the previous session. A relatively stable rupee further adds to macro comfort. Overall, the near-term backdrop remains cautiously optimistic, supported by trade-deal optimism, improving foreign flows, and steady domestic participation,” he added.
Meanwhile, Gift Nifty is ruling at 25,990, while the Nifty Futures are near 25,915, signaling a gain of about 70 points. Global stocks in the Asia-Pacific region are also largely up.
Trading in the derivative segment signals a bullish trend.
Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities, said: “ Derivatives data reflects a cautious yet gradually improving undertone. Call writers have aggressively added fresh positions at at-the-money and nearby strikes, thereby capping the immediate upside. On the other hand, put writers have begun building positions at lower strikes, signaling expectations of a range-bound market with well-defined support levels, he said.
A significant open interest build-up of around 2.01 crore contracts at the 26,000 call strike underscores this level as a strong resistance. Meanwhile, the addition of nearly 1.49 crore put contracts at the 25,800 strike, strengthening its role as an immediate support. “The Put–Call Ratio (PCR) jumped sharply to 1.05, reflecting improving sentiment and a relative dominance of put writers,” he further said.
Meanwhile, India VIX rose 2.09% to 12.19, reflecting a mild increase in short-term volatility.
Published on February 10, 2026