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Informist, Friday, Feb. 13, 2026

By Gopika Balasubramanium

MUMBAI – The Nifty 50 is expected to fall more in the coming sessions as traders have added put options to their portfolio and gone short on call options. Derivatives analysts said the market trend will be bearish until the benchmark index crosses the resistance of 26000 points. Some analysts expect traders to sell on every rise in the near term.

Though tariff-related concerns have started to ease among market participants following the interim trade deal between the US and India, risks from artificial intelligence tools to traditional software companies is seen as a worry. These AI tools are seen hindering growth opportunities for software-as-a-service Indian firms. Investors are also digesting the shifting expectations with respect to US Federal Reserve's monetary policy trajectory, especially after strong jobs data. 

The Nifty 50 Friday ended at 25471.10 points, down 336.10 points or 1.3%. Week on week, the index ended down 1%. The fall was mainly due to sell-off in IT stocks, which offset the slight positive momentum from the India-US deal.

The current Nifty 50 put-call ratio is at 0.45, showing a bearish market trend, but in the coming week, there may be a pull back towards 25750 points, said Ashish Sherigar, technical and derivatives analyst at NVS Brokerage. Nevertheless, the short-term trend is bearish unless the 26000 level is breached, he added.

Options chain indicate that traders added short positions in immediate out-of-the-money call options expiring next week. Traders wrote 25500-25700 call options, with premiums declining 72-79%. Traders also sold call contracts of 26050 strike, indicating that the upside is capped for the headline index in the near term. The maximum addition of open interest was at 25600 call and concentration was at 26000 call.

Meanwhile, traders aggressively sought out-of-the-money put contracts with premiums of 25300 and 25400 strikes skyrocketing 400-500%. Traders also added bets that the index can fall to 25000 points from the spot, with premiums at that strike rising 200%. There was put buying across strikes, with maximum addition and concentration of contracts was at 25000 put.

--Nifty 50 February closed at 25481.00, down 377.20 points; 9.90-point premium to the spot index

--Nifty 50 March closed at 25652.20, down 373.10 points; 181.10-point premium to the spot index

--Nifty 50 April closed at 25814.40, down 365.60 points; 343.30-point premium to the spot index

Infosys, Tata Consultancy Services, HDFC Bank, Muthoot Finance, Bajaj Finance, State Bank of India, Reliance Industries, Hindustan Aeronautics, ICICI Bank, Multi Commodity Exchange of India, BSE, Tech Mahindra, Vedanta, HCL Technologies, Wipro, Persistent Systems, Hindustan Unilever, PI Industries, Eternal, Bharat Forge, and Eicher Motors were the most actively traded underlying stocks Friday.  End

Edited by Ashish Shirke

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