Indian equity markets are likely to open on a weak note on February 13 amid soft global cues. The GIFT Nifty was trading at 25,719 which represented a 139-point discount from its previous Nifty futures close and it shows a gap-down open.

In the previous session markets ended lower amid selling pressure, particularly in IT stocks. The Sensex fell 558.72 points or 0.66%, to close at 83,674.92. The Nifty 50 declined 146.65 points or 0.57% to settle at 25,807.20. 

Sensex Outlook

The Sensex is going through a short-term consolidation phase as it failed to maintain its position above recent highs. The index is trading at a key support level near 83,500. 

If Selling activity accelerates it could extend the downtrend to 83,000, followed by 82,700.

The immediate resistance is at 84,200-84,400. A breakout above this zone may revive bullish momentum and push the index toward 85,000.

The market shows minor weakness in the short term but the overall structure remains intact as long as Sensex remains above the support band.

Nifty 50 Outlook

The Nifty 50 formed a bearish candle on the daily chart with lower highs and lower lows. This suggests short-term consolidation after a strong uptrend.

The immediate support exists at 25,600 followed by 25,500 to 25,400 aligning with last week's breakout zone and 20-day EMA. 

The 26,000 level continues to serve as a key hurdle. A decisive break above this level may pave the way for a move toward 26,200-26,300 in the near term.

The index is expected to trade within a 25,500 to 26,000 range as participants look for fresh directional triggers.

Bank Nifty Outlook

The Bank Nifty ended nearly flat at 60,739.75 easing just 5.6 points in yesterday’s session, forming a small-bodied candle that signals indecision.

Immediate resistance lies between 61,200 and 61,300. A sustained breakout above this band could accelerate gains toward 61,800 and potentially 62,400. 

On the downside, the 60,400-60,300 zone serves as a crucial support area.

However, technical indicators suggest the index has slipped into a short-term bearish pattern. Sustained trade below 60,800 may keep downside risks active toward 60,550 and 60,460.

Also Read: US Stock Market Today: S&P 500 and NASDAQ Rise Ahead of CPI as Jobless Claims Dip and Housing Data Weakens

Market Strategy

Despite near-term volatility, the broader outlook remains cautiously positive. 

Traders may consider buying on dips near support levels. They should also closely track 26,000 on Nifty, 84,400 on Sensex and 61,300 on Bank Nifty for confirmation of renewed upside momentum.