Nifty 50, Sensex today: What to expect from Indian stock market in trade on February 12

By Admin

12 Feb, 2026

The Indian stock market is likely to witness a muted and range-bound start on Thursday, February 12, as benchmark indices track mixed global cues. Trends in Gift Nifty indicate a flat opening, signaling cautious sentiment among traders ahead of key resistance levels.

Gift Nifty Signals Muted Opening

The trends on Gift Nifty suggest a subdued start for the domestic markets. Gift Nifty was trading around the 25,980 level, nearly 14 points lower than the previous close of Nifty futures. This indicates that both Nifty 50 and BSE Sensex may open on a flat note.

On Wednesday, the market ended largely unchanged due to profit booking at higher levels. The Sensex slipped 40.28 points (0.05%) to close at 84,233.64, while the Nifty 50 gained 18.70 points (0.07%) to settle at 25,953.85, holding above the crucial 25,950 mark.

Sensex Prediction for Today

Technically, the Sensex formed a small candle on daily charts, reflecting indecisiveness between bulls and bears.

According to Shrikant Chouhan, Head Equity Research at Kotak Securities:

• 84,200 is the crucial support zone
  
  

• 84,500 is the immediate resistance level
  
  

As long as the index trades within this band, non-directional activity is expected to continue. A breakout above 84,500 could push the index towards 84,800–85,000. However, a breakdown below 84,200 may accelerate selling pressure, dragging the index towards 84,000–83,700.

Mayank Jain of Share.Market highlighted immediate support in the 83,800–84,000 range. He emphasized that reclaiming and sustaining above 84,500–84,600 is essential for a complete trend reversal. The 84,500 level continues to hold high Call Open Interest (OI), acting as a major psychological barrier ahead of expiry.

Nifty OI Data and Derivatives Outlook

In the derivatives segment, significant Put writing at 25,900 and heavy Call writing at 26,000 suggest a narrow trading range in the near term.

Hitesh Tailor from Choice Equity Broking stated that the market setup favors a buy-on-dips strategy near key support levels. Traders may wait for a decisive breakout above resistance zones before initiating fresh directional positions.

Nifty 50 Prediction

The Nifty 50 formed a small-bodied candle with a lower shadow on the daily chart, indicating buying interest on minor dips.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, noted that the market is consolidating near the crucial resistance of 26,000. The partially filled upside gaps of February 3 and February 9 remain positive signals.

Key Levels for Nifty 50:

• Immediate Support: 25,800–25,900
  
  

• Immediate Resistance: 26,000–26,050
  
  

• Breakout Target: 26,350–26,400
  
  

Ponmudi R, CEO of Enrich Money, said the broader structure remains constructive as long as Nifty sustains above the 25,800–25,900 support cluster. However, near-term momentum appears subdued due to profit booking at higher levels.

A sustained breakout above 26,000 could open the path toward 26,100–26,300, while a decisive break below 25,900 may trigger short-term consolidation or mild retracement toward 25,800.

Mayank Jain further emphasized that the 25,900 Put strike holds significant OI, reinforcing it as a near-term floor. Meanwhile, aggressive Call writing at 26,000 makes it a formidable hurdle ahead of weekly expiry.

Bank Nifty Prediction

Nifty Bank ended 118.95 points (0.20%) higher at 60,745.35 on Wednesday. The index formed a small-bodied candle and continues to trade above key moving averages.

Sudeep Shah of SBI Securities said Bank Nifty has been consolidating within the 60,876–60,445 range for three sessions. The 60,500–60,400 zone remains a strong demand pocket.

Key Levels for Bank Nifty:

• Immediate Support: 60,400–60,300
  
  

• Immediate Resistance: 61,000–61,100
  
  

• Upside Targets: 61,400 and 61,700
  
  

Om Mehra from SAMCO Securities highlighted that Bank Nifty is trading above VWAP near 60,650, acting as intraday support. RSI is around 61, suggesting steady strength without being overbought. The DMI setup and ADX near 20 indicate a stable but not overstretched trend.

Overall Market Outlook for February 12

The Indian stock market is currently in consolidation mode, with stock-specific action likely to dominate unless a clear breakout occurs.

• Nifty 50 faces a crucial hurdle at 26,000
  
  

• Sensex must decisively cross 84,500 for fresh upside
  
  

• Bank Nifty needs to break above 61,000 for continuation of momentum
  
  

Until these resistance levels are convincingly taken out, traders may witness range-bound movement with buy-on-dips strategy near support zones.

Disclaimer: The views and recommendations mentioned above are those of individual analysts and broking companies, and not of Mint. Investors are advised to consult certified financial experts before making investment decisions.