Indian stock market indices, the Nifty 50 and Sensex, are expected to open with a positive bias on February 11, 2026, despite mixed cues from global markets.

Global and Domestic Cues:

• GIFT Nifty: Trends on the GIFT Nifty indicate a positive start for the Indian benchmark index, trading around 26,058, a premium of nearly 72 points from the Nifty futures' previous close. Another report notes it trading at 26,050.5 levels, up by 89 points or 0.34 percent.
• Asian Markets: Asian markets opened higher, continuing their rally, although concerns about AI and lackluster economic data in the U.S. weighed on Wall Street. Japan's Nikkei 225 was up 2.28%, Australia's S&P/AXS 200 rose 1.21%, while South Korea's KOSPI increased 0.04%.
• US Markets: The S&P 500 and Nasdaq ended lower on Tuesday, while the Dow Jones Industrial Average edged up to its third straight record close. Disappointing retail sales data in the U.S. strengthened expectations that the Federal Reserve could cut rates later in the year.
• Domestic Market Performance: On February 10, the Indian stock market closed higher for the third consecutive session. The Sensex rose 208.17 points, or 0.25%, to close at 84,273.92, while the Nifty 50 settled 67.85 points, or 0.26%, higher at 25,935.15.

Analyst Expectations:

• Positive Outlook: The short-term market outlook remains positive, but a quick intraday dip could occur if the Sensex slips below 84,100.
• Resistance and Support Levels: Immediate resistance for the Sensex is expected at 84,500, and a successful breakout above this level could push it to 84,800-85,000. Short-term support for the Nifty is placed between 25,500 and 25,400, with a key resistance area at 26,200-26,300.
• Trading Strategy: Analysts suggest a buy-on-dips strategy near key support levels, while traders may wait for a decisive breakout above resistance zones before initiating fresh directional positions.

Derivatives Data:

• Nifty OI Data: Notable put writing at the 25,900 strike and heavy call writing at the 26,000 strike point to a narrow near-term trading range.

Key Factors to Watch:

• Global and Domestic Cues: Global data releases and corporate earnings will be crucial in shaping near-term market direction.
• Q3 Earnings: The Q3 earnings season is in focus, with results from companies such as Mahindra & Mahindra, Divi's Laboratories, and Ashok Leyland expected.
• Sectoral Performance: Sectoral trends were mixed, with media and auto indices leading gains, while pharma and healthcare stocks lagged.

Technical Analysis:

• Sensex: Constructive above 84,000 with the potential to test 84,700–85,000 in a supportive environment.
• Nifty 50: Positive above 25,700 with a watchful eye on 26,000–26,100 resistance. The daily chart shows a high wave type candle pattern, indicating minor volatility.
• Bank Nifty: Range-bound to bullish above 60,500; scope to move towards 61,300 if 61,000 is cleared.

In conclusion, the Indian stock market is likely to open higher on February 11, 2026, with a positive bias. However, investors should remain cautious and monitor global cues, earnings reports, and key technical levels.