Indian Stock Market Pre-Market Outlook 09 Feb 2026: Nifty Near Support, Bank Nifty Strong Above 60K, Bajaj Finance Breakout Signals Upside
Updated: 08 February 2026
Category: Pre Market | Market Analysis
By CapitalKeeper Research Desk
Indian stock market pre-market analysis for 09 February 2026. Nifty, Bank Nifty, Sensex & Fin Nifty technical outlook with RSI, MACD, volume insights, global market cues, and Bajaj Finance breakout strategy.
Indian Stock Market Pre-Market Report – 09 February 2026
Strong Closing Momentum, Key Support Zones Hold, Breakout Stocks in Focus
The Indian stock market ended the previous session on a strong and optimistic note, setting a positive tone for the upcoming trading day. As we step into the pre-market session of 09 February 2026, traders and investors are closely watching crucial technical levels, global cues, derivatives positioning, and sector rotation for directional clarity.
The broader market sentiment remains constructive after a steady uptrend in benchmark indices. Momentum indicators are suggesting strength, but traders should remain cautious near resistance zones after the recent rally.
Previous Session Closing Snapshot
| Index | Closing Level | Trend |
|---|---|---|
| Nifty 50 | 25,693.70 | Bullish |
| Bank Nifty | 60,120.55 | Strong |
| Sensex | 83,580.40 | Positive |
| Fin Nifty | 27,807.10 | Momentum Up |
The market closed near the day’s high, indicating strong buying interest and positive sentiment across sectors, especially in financials and large-cap stocks.
Global Market Cues Impacting Today’s Trade
Global market trends play a significant role in shaping early morning sentiment in Indian equities. Current global indicators point toward a mixed but stable environment:
- US markets ended steady after profit booking near record highs.
- Asian markets are showing mild positivity in early trade.
- Crude oil prices remain stable, which supports India’s macro outlook.
- Dollar index consolidation is favorable for emerging markets like India.
These factors collectively support a steady to positive opening, unless unexpected geopolitical or macroeconomic news disrupts sentiment.
Nifty 50 Technical Outlook
Nifty continues to trade in a strong uptrend after reclaiming higher levels and holding key supports.
Key Support Zones:
- Immediate Support: 25,500
- Strong Support: 25,200–25,300
Resistance Levels:
- 25,900
- 26,150
Nifty Future Support Zone: 25,500–25,200
This zone is extremely important. As long as this range holds, the broader trend remains bullish.
RSI Analysis
- RSI is currently near 64–67 zone.
- Indicates strong bullish momentum.
- Not yet in extreme overbought territory.
MACD Analysis
- MACD is trading above the signal line.
- Positive crossover indicates continuation of upward momentum.
Volume Analysis
- Buying volumes have increased steadily over the past sessions.
- Institutional accumulation visible in index heavyweights.
Outlook
As long as Nifty holds above 25,500, the trend remains buy-on-dips. A breakdown below 25,200 could trigger short-term correction.
Bank Nifty Pre-Market Analysis
Bank Nifty has emerged as the strongest contributor to the recent rally, crossing the psychological 60,000 mark.
Technical Structure:
- Strong breakout above 59,500
- Sustaining above 60,000 is a bullish signal
Support Levels:
- 59,200
- 58,600
Resistance:
- 60,800
- 61,500
RSI & MACD
- RSI above 68 suggests strong momentum
- MACD bullish crossover with strong histogram
Outlook
As long as Bank Nifty stays above 59,000, buying interest may continue. Financial stocks are leading the market, and institutional money is clearly visible in banking counters.
Fin Nifty Trend Analysis
Fin Nifty is steadily moving upward, supported by NBFCs and private banking stocks.
- Current trend: Uptrend continuation
- Support: 27,200
- Resistance: 28,200
Financial stocks remain the backbone of the market rally.
Stock in Focus: Bajaj Finance
BAJAJ FIN (Close: ₹981)
This stock is showing one of the strongest technical structures among NBFCs.
Technical Observation:
- Breakout already confirmed
- Strong support forming near ₹950
Key Strategy:
- If ₹950 does not break, upside potential remains intact.
- Possible medium-term target: ₹1,200+
RSI Analysis:
- RSI trending upward, showing strong buying interest.
MACD:
- Bullish crossover confirmed
- Momentum building steadily
Volume Insight:
- Breakout supported by rising volume — strong bullish sign.
This stock could remain a market leader in the coming weeks if broader financial sector momentum continues.
Sector-Wise Pre-Market Sentiment
Bullish Sectors
- Banking & Financials
- NBFCs
- Realty
- Infrastructure
Neutral
- IT sector consolidating
- FMCG range-bound
Watchlist Sectors
- Capital goods
- Auto ancillary
Derivatives & Volatility Insights
Options data suggests traders are positioning for a broader range movement.
- Call writing seen near 26,000 levels
- Put support building near 25,500
- Volatility remains moderate, indicating directional confidence
Market Strategy for 09 February 2026
Bullish Scenario:
- Nifty holds 25,500
- Bank Nifty sustains above 59,500
- Financials continue leading
Bearish Scenario:
- Breakdown below 25,200
- Profit booking in banking stocks
- Global weakness
Best Approach:
- Buy on dips near support
- Avoid chasing highs
- Focus on strong breakout stocks
Technical Indicator Summary
| Indicator | Signal | Market Impact |
|---|---|---|
| RSI | Bullish | Momentum strong |
| MACD | Positive crossover | Trend continuation |
| Volume | Increasing | Institutional buying |
| Trend | Uptrend | Buy on dips |
Intraday Trading Zones
Nifty
- Support: 25,500 – 25,200
- Resistance: 25,900 – 26,150
Bank Nifty
- Support: 59,200
- Resistance: 60,800
Risk Factors to Watch
- Sudden global market reversal
- Crude oil price spike
- Profit booking at higher levels
- FII selling pressure
FAQ Section
1. Is the market trend bullish right now?
Yes, the broader trend is bullish as long as key supports hold. Financial stocks are driving momentum.
2. What is the most important level for Nifty today?
The 25,500–25,200 zone is a strong support area. Holding above this keeps the trend positive.
3. Which stock is showing strong breakout?
Bajaj Finance is showing a solid breakout structure with strong support near ₹950.
4. Should traders buy at current levels?
Buying on dips is safer than chasing the market at higher levels.
5. Is Bank Nifty strong?
Yes, Bank Nifty remains one of the strongest indices and is leading the rally.
Final Outlook
The Indian stock market continues to show resilience and strength as benchmark indices hold crucial technical levels. The rally in financial stocks, especially NBFC leaders like Bajaj Finance, indicates strong institutional confidence.
With Nifty holding the 25,500–25,200 support band and Bank Nifty sustaining above 60,000, the broader sentiment remains optimistic. Momentum indicators like RSI and MACD support continuation of the uptrend, while volume patterns confirm steady accumulation.
However, traders should remain alert for short-term volatility, as markets have already rallied significantly. The best approach in the current scenario is disciplined buying near supports, careful position sizing, and focus on technically strong stocks.
Today’s session could be decisive in confirming whether the market is preparing for another breakout leg or entering a consolidation phase.
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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.
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