MOMENTUM MANTA DAILY RUN-UP 📅 07 July 2026
MOMENTUM MANTA DAILY RUN-UP
📅 07 July 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 24,525, up around 42 points (+0.17%). Positive global sentiment and sustained momentum in domestic markets may support early buying, while the 24,500 zone will remain a key level to watch for further upside. 📈📊
📈 Market Recap
Nifty extended its gains for the fourth consecutive session, supported by strength in Banking and heavyweight stocks. Easing crude oil prices, renewed FII buying, and strong Q1 business updates from major lenders lifted overall market sentiment. 📊
📈 Nifty Key Levels
▪️ Support: 24,350 | 24,250
▪️ Resistance: 24,470 | 24,530
💰 FII/DII Flow
▪️ FII: +₹243.03 crore
▪️ DII: +₹3,791.42 crore
📊 Options Positioning
▪️ PCR: 1.48 (Bullish) – Indicates aggressive Put writing and strong bullish positioning, reflecting improving market sentiment. 📈
▪️ Resistance: 24,500–24,600 zone, with fresh Call writing visible at higher strikes.
▪️ Support: 24,400–24,300 zone, with strong Put OI concentration and continued Put additions providing immediate support.
▪️ Max Pain: 24,400 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 1.48 reflects aggressive Put writing and strong bullish sentiment. While the positive bias remains intact, the elevated PCR suggests the market may witness consolidation or profit booking near higher levels before the next directional move.
🏭 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
Nil
🚫 Stocks in NEWS