DAILY RUN-UP MOMENTUM MANTRA 📅 10 September 2026
DAILY RUN-UP
MOMENTUM MANTRA
📅 10 September 2026
🎯 Nifty Under Pressure as US Yields Hit 3-Year Highs: What’s Next?
🔔 Opening View
Indian markets are likely to open on a negative note, with GIFT Nifty trading near 23,493.50, down 58.70 points (-0.25%) from the previous close. Escalating US–Iran tensions, attacks around the Strait of Hormuz and rising crude oil prices are keeping global risk sentiment under pressure.
📉 Market Recap
Nifty opened with a 116-point gap-down amid a sharp rise in crude oil prices of around 3%. The index remained highly volatile, breaking both the day’s high and low, while a recovery attempt towards 23,570 failed to sustain at higher levels. Renewed selling pressure pushed Nifty lower, with the index eventually closing at 23,441.
📈 Nifty Key Levels
▪️ Support: 23,320 | 23,230
▪️ Resistance: 23,580 | 23,640
💰 FII/DII Flow
▪️ FII: Net outflow of ₹582.99 crore
▪️ DII: Net inflow of ₹1,509.04 crore, indicating continued domestic buying despite marginal FII selling pressure.
📊 Options Positioning
▪️ The maximum Call OI is observed at 24,000, followed by 23,700, indicating potential resistance in the 23,700–24,000 zone.
▪️ The maximum Put OI is observed at 23,500, followed by 23,400 and 23,300, suggesting support in the 23,400–23,300 zone.
▪️ PCR: 0.76 | Max Pain: 23,600
▪️ Based on PCR and OI positioning, Nifty may remain range-bound between 23,300–23,700, with 23,700–23,800 as the higher-side range and 23,300–23,400 as the lower-side range.
Source: NSE India
🏭 Sectoral Outlook
🟢 Bank Nifty – Positive Bias
🟢 PSU Bank – Positive Bias
🟢 Pharma – Positive Bias
🟢 Metal – Constructive
🟢 Energy – Constructive
🟢 Auto – Positive Bias
🟢 Realty – Constructive
🚫 F&O Ban List