For the Nifty, technical indicators suggest a near-term consolidation phase, with the index expected to oscillate within a defined range. Key support levels are identified at 25,500-25,550 and 25,200, while resistance lies at 25,850-25,880; a sustained break above this could open the path towards 26,000 and 26,200. Despite February's seasonal weakness, post-Budget trends support a cautiously positive positional approach for the broader markets (Sensex and Nifty), given historical data showing positive returns in the week and three months following the Budget.

Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%

SensexNeutralCalled 07 Feb 2026Graded 19 Jul 2026
Verdict:MISS

Sensex declined from ₹84065.75 to ₹80238.85, a significant drop of 4.55%, which contradicts the neutral consolidation expectation for the broader market.

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