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NIFTY 50 : 24450 weekly change (-2.89%)

Inference & Expectations

* The index continues to face selling pressure on every rise, marking the fourth consecutive week of a lower high–lower low formation, indicating a short-term downtrend. The index is also trading below its 50-week EMA, reflecting a cautious sentiment among market participants. The MACD indicator remains in negative territory with a falling histogram, suggesting weak upside momentum. Additionally, Brent crude near $93 per barrel remains a concern for equities as it adds to macro headwinds. From a medium-term perspective, the 24300–23500 zone is likely to act as a key demand area, where buying interest may emerge.

* Considering the ongoing global volatility, investors may consider a diversified ETF strategy through instruments such as CPSEETF, MODEFENCE, BankBees, AutoBees, HealthBees, and NiftyBees to gain broader market exposure while managing risk.

* For Traders: Short positions may be considered below 24300. Then index holds downside potential towards 24000 and 23800. To manage risk effectively, a stop-loss should be placed at 24850 on a closing basis.

* For Investors: Investors can consider accumulating at 24000 - 23500 zone. The target for this investment is set at 28600 level, offering significant upside potential.

NIFTY CPSE : 7164.80 weekly change (+1.10%)

Observation

* The Nifty CPSE Index has exhibited a robust structural uptrend since 2020, reflecting sustained strength in the PSU space. Recently, in January 2026, the index witnessed a breakout from a triangular consolidation pattern, signalling a resumption of its broader upward trajectory.

* On the daily scale, the index continues to form a higher high–higher low structure and has been respecting its 12, 26, and 50 DEMA, highlighting the strength of the prevailing trend.

* From a momentum perspective, the weekly RSI is gradually heading towards the 70 mark, indicating strengthening upside momentum and improving buying interest.

* Overall, the positive price structure along with supportive momentum indicators suggests that the index is likely to maintain its upward bias, and any short-term consolidation may present opportunities for the trend to extend further.

Inference & Expectations

* Based on the overall price structure and the evidence supported by indicators, it can be inferred that the NIFTY CPSE Index trend is positive.

* We expect the Index to remain positive with the potential upside would be 7500 & 8000 level.

* Our view will be negated if we see prices sustaining below 6700.

* ACCUMULATE : CPSEETF

NIFTY Defence: 8523.85 weekly change (+4.89%)

Observation

* The Nifty Defence Index witnessed a breakout from a triangular consolidation pattern in the February series, which had been forming since June 2025, signalling a resumption of its primary uptrend.

* In the current week, the index has gained around 4.89% and formed a strong bullish candlestick, indicating renewed buying interest. It is also well positioned above its 20- and 50-week EMAs, highlighting trend strength and relative outperformance amid the current market volatility.

* On the daily scale, the index has broken out of a 23-day inside bar tight consolidation, suggesting that the index is likely to continue its upward trajectory.

* RSI remains above the 60 mark across multiple timeframes, indicating strengthening upside momentum bias.

inference & Expectations

* Looking at the overall structure of prices and the evidence provided by indicator we can infer that the NIFTY Defence is in positive trend.

* We expect the Index to remain positive with the potential upside would be 9500 & 9800.

* Going ahead we expect the Index to remain positive until 7450 is not breached decisively downward.

* ACCUMULATE-MODEFENCE

SEBI Registration number is INH000000081.

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