The Indian equity markets entered the second week of February 2026 with a decisive shift in momentum. Following a period of high-voltage volatility triggered by the Union Budget, the Nifty 200 index and broader benchmarks are signaling a renewed bullish phase. Technical scanners identified five key stocks within the Nifty 200 pack that formed a White Marubozu candlestick pattern on February 6, 2026. A White Marubozu is a powerful technical indicator characterized by a long body with little to no shadows. It occurs when a stock opens at its daily low and closes at its daily high, signaling that buyers remained in absolute control throughout the session. This pattern is often a precursor to a sustained uptrend or a definitive reversal from previous lows. Market performance on February 9, 2026, reflects this optimism. The Nifty 50 traded near 25,693, while the Nifty 200 maintained stability around the 14,316 level. Investor sentiment has been significantly bolstered by a new trade agreement with the US, which saw reciprocal tariffs on Indian goods slashed from 25% to 18%, and in some categories, to zero. This global development has particularly energized the export and gems and jewellery sectors. Sectoral data shows a clear divide in performance. While the IT index faced pressure, declining nearly 6.9% over the past week due to shifting growth outlooks, other sectors like FMCG and Finance showed resilience. ITC emerged as a standout performer, gaining over 5% to reach 325.80, while Kotak Mahindra Bank rose 3.3% to 422.35. Key market indicators as of today: - Nifty 200: 14,316.00 (+0.15%) - Sensex: 83,580.40 (+0.32%) - Nifty 50: 25,693.70 (+0.20%) - USD/INR: 90.42 The technical setup for the Nifty 200 remains structurally sound, with the index trading above 7 out of its 8 major Simple Moving Averages (SMAs). The 5-day SMA is currently pegged at 14,247, providing immediate short-term support. While the Relative Strength Index (RSI) at 53.1 suggests a neutral to slightly positive zone, the appearance of bullish candlestick patterns like the White Marubozu in specific large-cap and mid-cap names suggests that the market is preparing to challenge its 52-week high of 14,700. Traders are closely watching the 25,500 level on the Nifty 50 as a critical support zone for the upcoming weekly expiry. On the upside, 26,000 remains a formidable resistance. The combination of favorable trade policies and strong technical breakouts in Nifty 200 constituents suggests that the broader market is currently favoring a "buy on dips" strategy as it navigates post-Budget consolidation.