Technical Analysis for 9th Feb 2026

Technical Analysis for 9th Feb 2026

Nifty, Bank Nifty & Sensex Predictions

Date of analysis: 6th February 2026

Trading session covered: Monday, February 9, 2026

After a volatile yet positive close on 6th February, the Indian stock market heads into the new week with a mildly bullish but still range-bound structure. Nifty 50 closed near 25,694, recovering smartly from the intraday low around 25,492. Bank Nifty held above the psychologically important 60,000 zone, with a day’s range roughly between 59,645 and 60,150, reflecting resilience in financials despite global tech weakness. Sensex settled near 83,580, bouncing sharply from the morning low around 82,925.

For 9th February 2026, Option Matrix India expects sideways-to-positive bias with clearly defined support and resistance levels on Nifty, Bank Nifty and Sensex. Traders should be prepared for range trading on the indices, with breakouts above Friday’s intraday highs or breakdowns below Friday’s lows acting as confirmation points for directional moves.

Market Overview – Sentiment & Structure

• Macro backdrop: RBI has maintained status quo on policy rates, which removed immediate event risk but did not trigger a runaway rally.
• Sectoral texture: IT remains under pressure, while FMCG and select banks supported the late-session recovery, keeping benchmarks off their lows.
• Price action:
  • Nifty 50: Low 25,491.90, high 25,703.95, close 25,693.70 – a classic intraday recovery from support near 25,500.​
  • Sensex: Low 82,925.35, high 83,612.12, close 83,580.40 – strong bounce from the lower end of the range.​
  • Bank Nifty: Traded roughly inside 59,645 – 60,150, staying above key moving-average clusters near 59,800.

Implication for Market Prediction:

The indices are still in a consolidation phase, not a fresh breakout. For tomorrow’s market analysis (9th February 2026), the base case is range-bound movement with the possibility of an upside extension if global cues do not deteriorate further.

Nifty Technical Analysis

• Nifty closed around 25,694, just above the key pivot area near 25,660, derived from recent daily ranges.
• Friday’s 15‑minute swings defined a short-term box between 25,492 (support) and 25,704 (resistance).​
• Major moving averages on the daily chart are clustered slightly below price, indicating that the medium‑term trend is still up, but momentum has cooled.​

Suggested 15‑minute chart image for your article:

• Plot Nifty 15‑minute candlesticks for 6th February 2026.
• Draw a horizontal support band around 25,500–25,520.
• Draw a resistance band around 25,690–25,710.
• Mark Friday’s high 25,703.95 and low 25,491.90 with labels like “Intraday Resistance” and “Intraday Support”.​

2. Key Support and Resistance Levels – Nifty

Using recent highs/lows and pivot levels:

• Immediate support zone:
  • S1: 25,560–25,580
  • S2: 25,500–25,520 (Friday low cluster)
  • Deeper support: 25,400–25,450
• Immediate resistance zone:
  • R1: 25,720–25,740 (near Friday high and first resistance)
  • R2: 25,830–25,850
  • Upside extension: 25,900–25,950 if global cues turn risk‑on

3. Nifty Predictions – Our View for 9th February 2026

Expected intraday range:

25,450 – 25,850, with a neutral-to-bullish bias as long as Nifty holds above 25,500.

Bullish scenario (preferred if global markets are stable):

• Gap‑up or flat open above 25,600 that holds the first 15–30 minutes.
• Sustained trading above 25,700 can trigger a move towards 25,830–25,850.
• Break and sustain above 25,850 on a 15‑minute closing basis can open the door to 25,900+ levels intraday.

Bearish/weak scenario:

• Gap‑down open below 25,550 followed by rejection from 25,600–25,620.
• A decisive break below 25,500 on the 15‑minute chart may attract selling towards 25,420–25,450.

Trading approach for Nifty (Index Futures/Options):

• Buy-on-dip zone: 25,520–25,560 with tight stop below 25,480.
• Sell-on-rise zone: Near 25,820–25,850 with stop above 25,900.

This fits a range-trading “Market Prediction” approach given the current consolidation in the Indian stock market.

Bank Nifty Predictions for 9th February 2026

1. Structure & 15‑Minute View

• Bank Nifty is oscillating around the psychologically crucial 60,000 mark.
• Friday’s day range: low near 59,644.55, high around 60,149.90.​
• Important support cluster sits in the 59,800–59,500 band, aligned with recent moving averages.​
• Resistance is visible in the 60,400–60,500 band; this is the zone bulls need to clear for a fresh up‑leg.​

Suggested 15‑minute chart image for your article:

• Plot Bank Nifty 15‑minute chart for 6th February 2026.
• Highlight a rectangle between 59,650 and 60,150 to show the intraday consolidation.
• Mark support band at 59,800–59,900 and resistance band at 60,300–60,500.
• Optionally overlay VWAP to emphasise that price rotated around 60,000.

2. Key Support and Resistance Levels – Bank Nifty

From recent price action and pivot tables:

• Supports:
  • S1: 59,800–59,850 (near 20‑day EMA zone)
  • S2: 59,500–59,600
  • S3 (positional): 59,000–59,100
• Resistances:
  • R1: 60,300–60,350
  • R2: 60,400–60,500 (strong supply zone)
  • R3: 60,750–60,950 if a breakout sustains

3. Bank Nifty Predictions – Our View for 9th February 2026

Expected intraday range:

59,500 – 60,500, with a neutral-to-positive bias while above 59,800.

Bullish scenario:

• Stable-to-positive open above 59,900.
• A 15‑minute close above 60,300 can fuel a rally towards 60,450–60,500.
• If 60,500 is taken out with strong breadth, an extended move to 60,800+ is possible.

Bearish scenario:

• Gap‑down below 59,800 and repeated failure near 59,900–60,000.
• Breakdown below 59,500 can drag the index towards 59,100–59,200.

Trading approach for Bank Nifty:

• Buy-on-dip zone: 59,800–59,900 with stop below 59,500.
• Sell-on-rise zone: 60,400–60,500 with stop above 60,750.

Given the data, Bank Nifty remains relatively stronger than Nifty, so aggressive shorts are better reserved for confirmed breakdowns below 59,500.

Sensex Predictions for 9th February 2026

1. Structure & 15‑Minute Snapshot

• Sensex closed around 83,580.40 after hitting a low near 82,925.35 and a high around 83,612.12 on 6th February.
• The index recovered more than 650 points from the day’s low, signaling strong dip buying around 83,000.
• On the short-term chart, price is essentially rotating in a broad band between 82,900 and 83,600.

Suggested 15‑minute chart image for your article:

• Plot Sensex 15‑minute candles for 6th February.
• Mark support zone around 82,900–83,000.
• Mark resistance zone around 83,600–83,800.
• Draw a mid‑range reference line near 83,400 to show the center of rotation.

2. Key Support and Resistance Levels – Sensex

Based on recent high/low and round levels:

• Supports:
  • S1: 83,000–83,100
  • S2: 82,800–82,900
  • S3 (deeper pullback): 82,400–82,500
• Resistances:
  • R1: 83,600–83,700 (Friday’s high area)
  • R2: 84,000–84,200 (psychological and prior supply zone)
  • R3: 84,600–84,800 if risk‑on momentum returns

3. Sensex Predictions – Our View for 9th February 2026

Expected intraday range:

82,900 – 84,200, with a mild bullish tilt while above 83,000.

Bullish case:

• Holding the 83,000–83,100 band after open keeps buyers in control.
• Push above 83,600 can extend to 84,000–84,200 during the day.

Bearish case:

• Sustained trade below 82,900 can invite profit‑booking towards 82,500.
• IT weakness or sharp global risk‑off can accelerate this downside.

Combined View – Support and Resistance Levels 

Intraday Trading Plan for Tomorrow – Practical Application

1. If Market Opens Flat

• Track Nifty between 25,600–25,650 on the 15‑minute chart.
  • Hold above this band favors long trades towards 25,800.
  • Failure to hold can drag Nifty back to 25,520–25,550 support.
• Bank Nifty trades to watch:
  • Sideways open near 60,000 – look for breakout above 60,300 or breakdown below 59,800 for directional moves.
• Sensex:
  • Flat open around 83,400–83,500 – treat 83,000 as key downside line in the sand and 83,600+ as breakout trigger.

2. Gap-Up Scenario

• Bullish continuation is valid only if:
  • Nifty sustains above 25,750 after a gap-up.
  • Bank Nifty remains above 60,300.
  • Sensex holds above 83,700–83,800.

If early candles show rejection at these higher bands, high‑risk reward short setups are possible back into the range.

3. Gap-Down Scenario

• A gap‑down into or below support zones (Nifty 25,500 area, Bank Nifty 59,800, Sensex 83,000) must be tested against 15‑minute price action:
  • Strong reversal candles near support = opportunity for counter‑trend longs with tight stops.
  • No reversal and continued lower lows = avoid bottom‑fishing; allow price to reach the deeper supports mentioned earlier.

Risk Management & Final Disclaimer

Despite the clearly defined support and resistance levels, all of the above remains a market prediction, not a guarantee. Volatility can expand unexpectedly due to:

• Overnight global news
• Sudden sector‑specific moves (especially in IT and financials)
• Fresh macro data or policy commentary

Traders should:

• Use strict stop-loss levels for both long and short positions.
• Avoid over‑leveraging, especially near key event days or when India VIX spikes.
• Re‑validate levels with live data just before the opening bell.

Disclaimer: This article from Option Matrix India is purely for educational and informational purposes. It is not investment advice or a recommendation to buy or sell any security or index derivative. Traders and investors should consult their financial advisor and consider their own risk profile before acting on any Indian stock market view.