The Nifty 50 index is expected to trade in a volatile range on February 6, 2026, as investors react to the Reserve Bank of India’s policy decision and weak global cues. Market sentiment remains cautious, with selling pressure visible in technology stocks, while selective buying continues in financial and defensive sectors.
With the benchmark index hovering near key technical levels, traders are closely watching support and resistance zones to plan intraday and short-term strategies.
Nifty 50 Today: Market Snapshot
As of early trade on February 6, 2026:
- Nifty 50: trading around 25,500–25,600
- Previous close: near 25,650
- Trend: Mildly negative with high volatility
The index is struggling to hold above important support levels after recent profit booking in large-cap stocks.
Key Support and Resistance Levels for Today
Technical indicators suggest the following important levels for the session.
Nifty Support Levels
- Immediate support: 25,400
- Strong support: 25,200
- Major support zone: 25,000
A fall below 25,400 may increase selling pressure and push the index toward 25,200–25,000.
Nifty Resistance Levels
- Immediate resistance: 25,800
- Next resistance: 26,000
- Major resistance: 26,200
A strong move above 25,800 could trigger short covering and push the index toward the 26,000 level.
Technical Outlook: Short-Term Trend
The short-term trend for Nifty remains sideways to slightly negative. The index has been facing resistance near the 25,800–26,000 zone, while support is seen near 25,400.
Key Technical Signals
- The index is trading close to short-term moving averages.
- Momentum indicators show weakening strength.
- Volatility remains elevated ahead of policy announcements.
This suggests that the market may continue to trade in a range-bound pattern unless a strong trigger emerges.
Key Factors Influencing Nifty Today
1) RBI Monetary Policy Outcome
The central bank’s policy decision is the biggest trigger for today’s market. Any change in interest rate outlook or commentary on inflation could influence bank and financial stocks.
2) IT Sector Weakness
Technology stocks have seen heavy selling due to global concerns and AI-related uncertainties. This sector carries significant weight in the Nifty index, making it a key driver.
3) Global Market Cues
Weakness in global equities, especially tech-heavy indices, has affected investor sentiment in India.
4) FII and DII Activity
Foreign investor flows remain a key factor. Sustained outflows could keep the market under pressure.
Sector-Wise Impact on Nifty
IT Sector
- Major drag on the index.
- Facing selling pressure due to global tech weakness.
Banking and Financials
- Offering partial support to the index.
- PSU banks and select private lenders showing resilience.
Oil & Gas
- Energy stocks showing defensive strength.
- Supporting the market during volatility.
Consumption and Healthcare
- Select stocks in these sectors are attracting buying interest.
Key Stocks to Watch in Nifty Today
Potential Gainers
- Select banking and financial stocks
- Energy sector stocks
- Defensive consumption names
Potential Losers
- IT majors
- Some large-cap FMCG stocks
- Select mid-cap technology shares
Stock-specific movements may remain strong due to earnings and sector news.
Intraday Trading Strategy for February 6
Bullish Scenario
- If Nifty holds above 25,400 and crosses 25,800
- Possible targets: 26,000–26,200
Bearish Scenario
- If Nifty breaks below 25,400
- Possible downside targets: 25,200–25,000
Range-Bound Scenario
- If the index stays between 25,400 and 25,800
- Expect sideways movement with stock-specific action.
Options Data: What It Indicates
Options activity suggests strong positions around key levels:
- Highest call writing: near 26,000
- Highest put writing: near 25,000
This indicates that the market expects a trading range between 25,000 and 26,000 in the near term.
Short-Term Outlook for Nifty
Market experts expect continued volatility due to:
- Policy-related uncertainty
- Global market trends
- Sector-specific weakness
However, strong domestic fundamentals and earnings growth may provide support at lower levels.
Important Levels for Swing Traders
For traders holding positions for a few days:
- Bullish above: 25,800
- Bearish below: 25,200
- Medium-term support: near 24,800
- Medium-term resistance: near 26,500
A decisive move outside this range could define the next major trend.
Risk Factors to Watch
Investors should monitor:
- RBI policy signals
- US market trends
- IT sector movement
- Crude oil prices
- Rupee-dollar exchange rate
These factors can influence short-term market direction.
Tips for Retail Traders Today
- Avoid aggressive positions near major resistance.
- Use stop losses in volatile trades.
- Focus on strong sectors rather than weak ones.
- Prefer stock-specific trades over index bets.
Long-Term View on Nifty
Despite short-term volatility, the broader trend remains supported by:
- Strong domestic demand
- Corporate earnings growth
- Infrastructure spending
- Banking sector strength
Long-term investors often use corrections as opportunities to accumulate quality stocks.
Bottom Line
Nifty is expected to trade between 25,400 and 25,800 on February 6, 2026, with volatility likely around the RBI policy outcome.
- Immediate support: 25,400
- Major support: 25,000
- Immediate resistance: 25,800
- Major resistance: 26,000
A breakout or breakdown from this range could decide the next market direction. Traders are advised to stay cautious and watch key levels closely during the session.
Financial Disclaimer: Markets and investment-related products are subject to risks and fluctuations. Readers should conduct their own research and consider consulting a qualified financial advisor before making any investment decisions.
Last Updated on: Friday, February 6, 2026 7:33 pm by Digital Herald Team | Published by: Digital Herald Team on Friday, February 6, 2026 7:33 pm | News Categories: Finance, Education