Sensex, Nifty Likely to Rise on Tuesday with Bullish Derivatives Trend

Why It Matters

Renewed FII inflows and trade‑deal optimism could lift equities, while defined support‑resistance zones guide short‑term trading strategies. This creates a cautiously optimistic environment for investors seeking upside with managed risk.

Key Takeaways

• Nifty futures near 25,915, resistance 26,000.
• Put‑Call Ratio rose to 1.05, indicating bullish sentiment.
• FII buying supports market; DIIs remain steady.
• Open interest 2.01 crore at 26,000 call strike.
• India VIX up 2.09% to 12.19, mild volatility.

Pulse Analysis

The Indian market’s near‑term trajectory is being shaped by a blend of macro and technical factors. The India‑US interim trade agreement continues to act as a structural catalyst, boosting export competitiveness and underpinning investor confidence. Coupled with a stable rupee, this backdrop has encouraged foreign portfolio investors (FPI) to re‑enter, adding a clear sentiment tailwind that complements steady domestic institutional participation. Together, these forces set the stage for modest equity gains, especially as the broader Asia‑Pacific equity landscape remains broadly positive.

Derivatives data provides a granular view of market expectations. A Put‑Call Ratio of 1.05 signals that put writers are slightly more aggressive, reflecting improving sentiment, while call writers dominate at‑the‑money strikes, capping immediate upside. Open‑interest concentrations—2.01 crore contracts at the 26,000 call strike and 1.49 crore at the 25,800 put strike—establish clear resistance and support zones, suggesting traders anticipate a range‑bound move rather than a breakout. This pattern informs short‑term strategies, prompting investors to manage risk around these levels and watch for any shift in order flow.

Volatility remains contained, with the India VIX edging up 2.09% to 12.19, indicating only modest short‑term turbulence. The combination of supportive foreign flows, a stable macro environment, and defined technical thresholds creates a cautiously optimistic outlook. Market participants should monitor any fresh catalysts—such as updates on the trade deal or global risk sentiment—that could tip the balance, while leveraging the identified support‑resistance framework to position for incremental gains.

Sensex, Nifty likely to rise on Tuesday with bullish derivatives trend

FPI buying supports to broader market structure · Updated · February 10, 2026 at 09:50 AM

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 may consolidate further. Analysts say the market is looking for fresh triggers after the 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 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, signalling a gain of about 70 points. Global stocks in the Asia‑Pacific region are also largely up.

Derivatives trend

Dhupesh Dhameja, Derivatives Research Analyst at 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, signalling expectations of a range‑bound market with well‑defined support levels.”

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 strengthens 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.

India VIX rose 2.09 % to 12.19, reflecting a mild increase in short‑term volatility.

Published on February 10, 2026