Indian Stock Market Pre-Market 12 Feb 2026: Nifty Near 26K, Bearish Pattern Signals Caution
Updated: 12 February 2026
Category: Pre Market | Market Analysis
By CapitalKeeper Research Desk
Indian Stock Market Pre-Market Report – 12 February 2026
Nifty Near 26,000 | Bearish Cypher Pattern Emerging | Earnings Heavyweights in Focus
Indian stock market pre-market report for 12 February 2026. Nifty at 25,935, Bank Nifty 60,626. Bearish Cypher pattern forming, key resistance levels, earnings today, and stock-specific setups including Motherson and Dabur CE. Full RSI, MACD and volume analysis.
Market Snapshot (Previous Close – 11 Feb 2026)
| Index | Close | Trend View |
|---|---|---|
| Nifty 50 | 25,935.15 | Near Resistance |
| Bank Nifty | 60,626.40 | Range-bound |
| Sensex | 84,273.92 | Consolidation |
| Fin Nifty | 28,186.25 | Mild Strength |
| Nifty Future | 25,953.85 | Bearish Harmonic Setup |
Pre-Market Overview
Indian equities enter Thursday’s session with a delicate balance between optimism and caution. The Nifty closed near the psychologically important 26,000 mark, but price behavior suggests hesitation near resistance. Derivatives data shows elevated put activity, yet technical indicators are flashing early warning signals of exhaustion.
Global markets were mixed overnight. US indices remained steady after digesting inflation expectations, while Asian markets opened flat to mildly positive. Crude oil prices remain firm, and bond yields are stabilizing, creating a neutral-to-cautious global backdrop.
With several heavyweight earnings scheduled today, volatility is expected to expand during intraday trade.
Global Market Cues
United States
Wall Street ended with marginal gains as investors evaluated macroeconomic data and corporate earnings. Treasury yields cooled slightly, supporting equities.
Asia
Asian indices opened cautiously higher. Investors remain sensitive to commodity price movement and central bank commentary.
Crude Oil
Brent crude remains firm, which could influence oil marketing companies and upstream stocks like ONGC.
Dollar Index
The dollar index is stable, which supports emerging market sentiment in the short term.
Overall global sentiment: Neutral to mildly positive, but not strong enough to push Indian indices decisively higher without domestic triggers.
Technical Analysis – Nifty 50
Structure
Nifty is consolidating just below the 26,050–26,080 resistance zone. This region has emerged as a supply pocket where sellers have repeatedly stepped in.
Key Levels:
- Immediate Resistance: 26,050–26,080
- Major Resistance: 26,200
- Immediate Support: 25,800
- Strong Support: 25,700
Harmonic Pattern – Bearish Cypher (Nifty Future CMP 25,953.85)
On lower timeframes, Nifty Future appears to be forming a Bearish Cypher harmonic pattern, typically indicating a short-term retracement.
Projection:
- Possible dip toward 25,800–25,700
- Deeper correction if 25,700 breaks
This does not indicate trend reversal but suggests a healthy pullback could unfold before the next move.
RSI Analysis
- Daily RSI: Hovering near 65–68 zone
- Approaching overbought territory
- No negative divergence yet, but momentum is flattening
Interpretation: Upside momentum slowing near resistance.
MACD Analysis
- MACD line above signal line
- Histogram showing contraction
Interpretation: Bullish momentum intact but losing strength.
Volume Analysis
Volumes have declined slightly during the last two sessions. Breakouts without volume confirmation remain vulnerable.
Conclusion: Market may attempt 26,000+, but sustainability requires stronger participation.
Bank Nifty Analysis
Bank Nifty closed at 60,626.40, holding above the psychological 60,000 mark.
Technical View:
- Immediate Resistance: 61,000
- Support: 59,800
- Strong Support: 59,200
RSI remains elevated but not extreme. MACD still positive, though flattening. Banking stocks may move selectively depending on earnings and FII activity.
Earnings Watch – 12 February 2026
Several major names announce results today:
- Bharat Forge
- Coal India
- HAL
- Hindalco
- IGL
- Indian Hotels
- Lupin
- ONGC
- Petronet LNG
- PI Industries
This cluster of earnings across metals, defence, oil & gas, pharma, and hospitality sectors could generate stock-specific volatility.
Traders should expect sharp intraday swings.
Stock-Specific Analysis
MOTHERSON (CMP ₹135)
Technical Setup:
- Channel breakout confirmed
- Strong support: ₹130–125
- Breakout supported by volume expansion
RSI trending upward near 60–65 zone.
MACD bullish crossover visible.
If price sustains above 130, medium-term structure suggests a larger move toward ₹160–₹180 levels.
The breakout pattern indicates accumulation phase completion.
Dabur 550 CE @ ₹6.5 (March Expiry)
Option positioning suggests traders are anticipating gradual upside in Dabur.
Technical View on Dabur:
- Stock stabilizing near support
- RSI recovering from neutral zone
- MACD early bullish crossover forming
Option strategy perspective:
- Risk defined by premium
- Suitable for positional approach
- Volatility expansion possible post results season
Sectoral Outlook
Defence
With HAL reporting today, defence stocks remain in focus. Momentum remains constructive.
Metals
Hindalco and Bharat Forge results could drive metal index volatility.
Oil & Gas
ONGC and Petronet earnings may impact energy space.
FMCG
Dabur positioning suggests rotation back into defensive sectors.
Derivatives & Sentiment
- Elevated put writing below 25,800
- Resistance build-up near 26,000 strikes
- Volatility stable but could expand post earnings
Sentiment remains cautiously optimistic but stretched.
Trading Strategy for 12 February 2026
Scenario 1 – Break Above 26,080
Sustained breakout could trigger short covering toward 26,200–26,350.
Scenario 2 – Rejection at Resistance
If rejection occurs, expect dip toward 25,800–25,700.
Bank Nifty
Sell on rise near 61,000 unless strong breakout confirmed.
Risk Factors
- Earnings surprises
- Crude oil volatility
- Global bond yield movement
- FII positioning shifts
Conclusion
The Indian stock market enters 12 February 2026 with indices positioned near critical resistance zones. While the broader trend remains upward, short-term technical patterns such as the Bearish Cypher on Nifty Future hint at a possible retracement.
Earnings from major sectoral leaders will likely dictate intraday momentum. Traders should avoid aggressive leverage and focus on defined-risk strategies.
Motherson’s breakout structure remains attractive above 130 support. Dabur option positioning reflects selective accumulation in defensive names.
Market structure suggests patience over aggression.
Frequently Asked Questions (FAQs)
1. Is Nifty bullish or bearish now?
Trend remains bullish, but short-term correction toward 25,800–25,700 is possible.
2. What is the key resistance for Nifty?
26,050–26,080 zone.
3. Is Bank Nifty strong?
Range-bound above 60,000 but requires breakout above 61,000 for fresh upside.
4. Is Motherson a breakout stock?
Yes, channel breakout confirmed with support at 130–125.
5. Should traders be cautious today?
Yes. Heavy earnings day and harmonic pattern suggest volatility.
📌 For daily trade setups, technical learning, and smart investing tips, stay tuned to CapitalKeeper.in
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and [WhatsApp Channel] subscribe to our newsletter!
Subscribe Now , Join Telegram the Crypto Capital Club, Get Free Crypto Updates
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.By using this website, you agree to the terms of this disclaimer.
Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
📌 Follow Ranjit on:
LinkedIn | Twitter/X | Instagram | ✉️ contact@capitalkeeper.in
Leave a Reply