Mumbai, India — February 15, 2026
Technical indicators suggest India’s IT and metal sector indices may remain volatile in the coming sessions, with analysts advising traders to closely monitor price action and critical support-resistance levels before taking positions.
Market strategists say both sectors are currently in corrective phases, and Monday’s closing trend could determine whether markets extend losses or stage a short-term recovery.
📉 Nifty IT — Technical Outlook
The IT index has entered a correction phase after a sharp 3.2% drop last Friday, which formed a strong bearish candlestick on the chart and pushed the index below its 50-day exponential moving average.
Key Levels
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Support: 42,400 — A decisive break below could drag the index toward 41,800.
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Resistance: 44,500 — Unless this level is reclaimed, analysts expect “sell-on-rise” pressure.
Indicator Signals
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RSI has slipped below 40, indicating near-oversold conditions.
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This suggests a possible short relief rally, though broader momentum remains weak.
⛓️ Nifty Metal — Technical Outlook
The metal index is witnessing profit-booking from higher levels, forming a classic lower-high, lower-low structure — a pattern typically associated with a downtrend.
Weak sentiment has also been linked to reports of softening demand from China, a major global metals consumer.
Key Levels
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Support: 9,200 — A breakdown may trigger a fall toward 8,950.
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Resistance: 9,650 — The index has failed to cross this level for two consecutive weeks.
Indicator Signals
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MACD has generated a bearish crossover on the daily chart.
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This points to continued pressure in the near term unless momentum shifts.
📊 Stocks to Watch
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Infosys — ₹1,780 is a crucial support; a break below may signal further downside.
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Tata Steel — Trading near its 200-day moving average; buying interest may emerge around ₹142–₹145.
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Hindalco — Faces strong resistance near ₹620, making upside breakout challenging.
Market Strategy: Wait-and-Watch Approach
Chart-based analysis indicates traders may prefer a cautious stance at the start of the week. Analysts emphasize that Monday’s closing trend will be critical in determining short-term direction:
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Strong close → Potential rebound
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Weak close → Further downside risk
