Market cues for Feb 12
Indian equities are set to begin Thursday’s session on a steady note, with early indicators suggesting little change at the open. GIFT NIFTY futures pointed to a flat start, reflecting an indecisive mood across global markets.
The subdued signal comes amid mixed international cues, keeping traders focused on domestic technical levels and intraday price action rather than a clear directional lead from overseas.
Key levels on the charts
Technical readings highlighted two zones that may guide market moves during the session. The near term support area was placed around 26,650, a level that market participants may watch for signs of buying interest if prices soften.
On the upside, 26,300 was marked as a medium term resistance level. This is expected to act as an important hurdle during any recovery attempts, with traders likely to track whether the index can sustain strength above it.
What traders may track during the session
With the early setup indicating a quiet opening, attention is expected to remain on how the NIFTY50 behaves around these chart levels as the day progresses. A stable hold above support can help stabilise sentiment, while repeated pressure near resistance may limit upward momentum.
As global signals remain mixed, intraday moves may depend on how quickly buyers and sellers respond to key price zones, and whether the index can build follow through after the opening.