Finance Nifty, Nifty Junior & Mid Cap Nifty Options Levels – Feb 2026,Monthly Expiry

The monthly expiry day is one of the most volatile trading sessions in the Indian stock market. With option contracts expiring, traders witness significant price movements, making it a crucial day for strategy execution. In this article, we will analyze the probable range for Nifty, Bank Nifty, Fin Nifty, and Midcap Nifty for the Febuary 2026 Monthly Expiry and discuss how traders can position themselves effectively.

Predicted Range for Nifty, Bank Nifty, Fin Nifty & Midcap Nifty

Nifty 50 Expiry Analysis

Intraday Levels for Nifty:

Buy Above 25758 Tgt 25812, 25865 and 25919 ( Nifty Spot Levels)

Sell Below 25678 Tgt 25610, 25565 and 25514 (Nifty Spot Levels)

Expiry Levels for Nifty:

• Upper End of Expiry: 25893

• Lower End of Expiry: 25514

• Strategy:
  • Strangle for range-bound movement
  • Bull Call Spread for an upside breakout

Bank Nifty Expiry Analysis

Intraday Levels for Bank Nifty:

Buy Above 61285 Tgt 61366, 61449  and 61531 ( Bank Nifty Spot Levels)

Sell Below 61160 Tgt 61036, 60954  and 60872 (Bank Nifty Spot Levels)

Expiry Levels for Bank Nifty:

• Upper End of Expiry: 61727

• Lower End of Expiry: 60822

• Strategy:
  • Iron Condor for a defined range
  • Straddle for sharp moves due to FII activity

Fin Nifty Expiry Analysis

Intraday Levels for Finance Nifty:

Buy Above 28460 Tgt 28510, 28555 and 28600 ( Fin Nifty Spot Levels)

Sell Below 28425 Tgt 28400, 28370 and 28343 (Fin Nifty Spot Levels)

Expiry Levels for Finance Nifty:

• Upper End of Expiry: 28662 

• Lower End of Expiry: 28243

• Strategy:
  • Debit Spread for directional bias
  • Short Strangle for theta decay benefits

Midcap Nifty Expiry Analysis

Intraday Levels for Mid Cap Nifty:

Buy Above 13505 Tgt 13525, 13560 and 13621 ( Midcap Nifty Spot Levels)

Sell Below 13466 Tgt 13427, 13389 and 13350 (Midcap Nifty Spot Levels)

Expiry Levels for Mid Cap Nifty:

• Upper End of Expiry: 13573

• Lower End of Expiry: 13374

• Strategy:
  • Butterfly Spread for controlled risk
  • Ratio Spread for trending moves

Nifty Next 50 Expiry Analysis

Intraday Levels for Nifty Next 50:

Buy Above 69808 Tgt 70072, 70204 and 70337 ( Nifty Next 50 Spot Levels)

Sell Below 69671 Tgt 69544, 69412  and 69280 (Nifty Next 50 Spot Levels)

Expiry Levels for Nifty Next 50:

• Upper End of Expiry: 70237

• Lower End of Expiry: 69208

1. Option Selling for Theta Decay

• Selling out-of-the-money (OTM) strangles or straddles in the morning session.
• Exiting positions by 2 PM to avoid sharp swings.

2. Directional Trades Post 1 PM

• Wait for institutional moves and breakouts in major indices.
• Use Volume & VWAP Analysis to confirm trends.

3. Scalping in the Last Hour (3 PM Move)

• Expiry days witness sudden momentum in the last 30 minutes.
• Scalpers can use quick 5-minute chart breakouts to capture short moves.

4. Max Pain-Based Strategies

• Monitor max pain levels for Nifty and Bank Nifty.
• Sell iron condors or credit spreads around those levels.