Market Brief: Nifty Outlook and Strategy The Nifty 50 enters the week of February 9, 2026, with a resilient undertone, currently hovering near the 25,700 mark. This follows a period of consolidation where the index successfully reclaimed ground after post-budget volatility. Sentiment has been bolstered by a landmark India-US trade agreement and the RBI’s decision to maintain the repo rate at 5.25%, signaling a focus on structural growth and a robust 7.4% GDP forecast. Key technical levels are clearly defined for the upcoming sessions. Immediate support is established at 25,550, with a more significant floor at the 25,350–25,200 zone. On the upside, 25,800 remains the immediate hurdle. A decisive breach above this level could trigger momentum toward the 26,000 psychological barrier, with further resistance layered up to 26,300. The derivatives landscape shows improving support as Put writers have shifted their positions upward to the 25,500 level. Meanwhile, the India VIX has cooled to approximately 11.94, indicating a notable reduction in market fear. Analysts suggest that the market remains in a "buy on dips" phase as long as it sustains above the 25,550 threshold. For the February 10 weekly expiry, a moderately bullish Bull Call Spread is a preferred strategy among market experts. This involves buying the 25,700 Call and selling the 25,900 Call. This approach aims to capitalize on a steady upward bias while capping the maximum loss at approximately 3,770 per lot and lowering the breakeven point to 25,758. Sector-specific action is expected to dominate the narrative. Large-cap earnings remain a primary trigger, with results from majors like State Bank of India, Tata Steel, and Mahindra & Mahindra in focus. While the broader market shows some caution, IT and Healthcare have emerged as defensive pillars. Additionally, two mainboard IPOs totaling nearly 3,800 crore are set to test liquidity this week. Traders should monitor the 25,800 level closely, as a sustained move above it could open the doors for a retest of lifetime highs. Conversely, any slip below 25,500 may invite fresh profit-booking, potentially dragging the index toward the 25,000 support region. A disciplined approach with strict stop-losses is recommended to navigate the current range-bound environment.