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  5. Trade setup for Feb 12: Will NIFTY50 close above 26,000 on Thursday? Check details

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Trade setup for Feb 12: Will NIFTY50 close above 26,000 on Thursday? Check details

WhatsApp Image 2025-01-20 at 11.25.23.jpeg
By Rohan Takalkar

2 min read | Updated on February 12, 2026, 08:14 IST

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SUMMARY

The GIFT NIFTY futures indicate a flat start for the day amid mixed cues from the global markets. The charts indicate 26,650 as the near term support levels for the markets, while 26,300 as the medium term resistance level on the upside.

Driven by State Bank of India (7.6%), IndusInd Bank (2.76%) and Kotak Mahindra Bank (1.28%), Nifty Bank jumped 1% to close at 60,669.35 on Monday. Image: Shutterstock

GIFT NIFTY futures indicate a flat start of the day.

NIFTY50

Max call OI:26,000

Max put OI:25,900

(Ten strikes to ATM, 17 Feb expiry)

Indian equity benchmarks ended flat on Wednesday as investors booked profits at higher levels following three consecutive sessions of gains. After making a positive start, soon indices turned volatile and were hovering around the neutral lines for most of the session, as traders remained cautious ahead of India’s January inflation data, scheduled to be released today.

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The GIFT NIFTY futures traded flat on Thursday morning, indicating a flat opening for NIFTY50 on Thursday.

Nifty50_2026-02-12_07-57-27.png

On the technical front, the chart setup remains tilted towards bullish setup, with the 20 EMA inching upwards and closer towards a crossing the 50 EMA from below. The medium resistance for the index remains at 26,300, while the 25,650 level remains a crucial support for the market in the post trade deal rally.

feb12.png

On the options data front, the 26,000 calls hold the highest open interest, indicating a strong resistance for the coming weekly expiry. On the flipside, 25,900 puts hold the highest open interest on the downside, indicating a near term support for the index.

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Long buildup: - Eicher Motors, SBI, Apollo Hospitals

Short buildup: TCS

Top traded futures contracts: SBIN, BHEL

Top traded options contracts: Infy 1560 CE

F&O securities under ban:

F&O securities out of the ban:

To access a specially curated smartlist of the most traded and active stocks, as well as the OI gainers and losers, simply log in: https://pro.upstox.com/ ➡️F&O➡️Options smartlist/Futures smartlist In Futures and Options or F&O, long build-up means an increase in Open Interest (OI) along with a price increase, and short build-up means an increase in Open Interest(OI) along with a price decrease—source: Upstox and NSE. Disclaimer: Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop losses. The information is only for consumption by the client, and such material should not be redistributed. We do not recommend any particular stock, securities or strategies for trading. The securities quoted are exemplary and are not recommended. The stock names mentioned in this article are purely for showing how to do analysis
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About The Author

WhatsApp Image 2025-01-20 at 11.25.23.jpeg
Rohan Takalkar is a senior writer at Upstox and a seasoned capital markets analyst with around 9 years of experience. He is passionate about writing on equities, global markets, and the economy.

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