Nifty futures are near 25,915, indicating modest gains, while derivatives 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.
Ponmudi R, CEO of Enrich Money, said the India-US interim trade deal continues to anchor sentiment and is seen as a structural positive that increases India’s export competitiveness.
“FII participation has turned meaningfully supportive this month, providing clear sentiment upside, while DIIs remain steady and provide underlying stability despite neutral activity in the previous session. A relatively stable rupee further adds to macro comfort. Overall, the short-term environment 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 Nifty futures are near 25,915, indicating a gain of around 70 points. Global stocks in the Asia-Pacific region are also largely up.
Trading in the derivatives segment indicates a bullish trend.
Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said: “Derivatives data reflects a cautious but gradually improving undertone. Call writers have aggressively added new positions at at-the-money and near strikes, capping the immediate upside. On the other hand, put writers have started building positions at lower strikes, signaling expectations of a market with a certain range and well-defined support levels, he said.
Significant open interest build-up of around 2.01 crore contracts at the 26,000 call strike underlines this level as strong resistance. Meanwhile, the addition of nearly Rs 1.49 crore added contracts to the strike at 25,800, strengthening the strike’s role as 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.
Meanwhile, India’s VIX rose 2.09% to 12.19, reflecting a mild increase in short-term volatility.
Published on February 10, 2026
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