HINDCOPPER — OFS ALERT | Retail Session (Aug 26)
MOMENTUM MANTRA DAILY RUN-UP
📅 26 August 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 24,559, up 79 points (0.32%) from the previous close. Positive global cues and improved market sentiment may support the opening. 24,500–24,400 is likely to act as the immediate support zone.
📈 Market Recap
Indian benchmark indices recovered from early losses to end higher, supported by a recovery in financials and IT stocks. Lower crude oil prices and easing concerns over fresh U.S. measures against Iran improved sentiment, while strong foreign inflows provided further support. Investors now await Nvidia’s earnings and the Fed Chair’s Jackson Hole speech for global monetary policy cues.
📈 Nifty Key Levels
▪️ Support: 24,235 | 24,190
▪️ Resistance: 24,360 | 24,420
💰 FII/DII Flow
▪️ FII: +₹1,593.53 crore
▪️ DII: +₹230.26 crore
📊 Options Positioning
▪️ PCR: 1.13 (Positive) – Put OI is higher than Call OI, indicating a supportive near-term setup.
▪️ Resistance: 24,500–24,800 zone, with the highest Call OI at 24,500, followed by 24,800.
▪️ Support: 24,200–24,300 zone, with the highest Put OI at 24,200, followed by 24,300.
▪️ Max Pain: 24,300
▪️ Interpretation: PCR at 1.13 indicates a positive options structure. Nifty may maintain a positive bias while holding above 24,300. A sustained move above 24,500 may support a move towards 24,700–24,800, while a break below 24,200 may increase weakness towards 24,000.
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
🚫 Stocks in NEWS