Momentum Mantra Daily Market Run Up 📅 04 June 2026

DAILY RUN-UP 📅 04 June 2026 🔔 Opening View Indian markets are likely to open lower today, with GIFT Nifty indicating a gap-down start of nearly 200 points. Weak global cues and ongoing geopolitical uncertainties may keep sentiment cautious. 📉 📉 Market Recap Nifty declined 0.33% in the previous session but staged a strong recovery from the day's low of 23,151. The index recovered over 250 points from intraday lows before settling at 23,405, reflecting resilience at lower levels. 🌍 Global Cues 🇺🇸 Dow: ▼ 1.21% | Nasdaq: ▼ 0.89% 🛢️ WTI crude traded near $95 per barrel as uncertainty over U.S.–Iran ceasefire talks and the Strait of Hormuz kept oil prices elevated. 🌏 Asian markets traded lower, led by weakness in Japan's Nikkei and Hong Kong's Hang Seng, as cautious sentiment weighed on regional equities. 📈 GIFT Nifty indicates a negative opening of nearly 200 points for domestic equities. 📈 Nifty Key Levels ▪️ Support: 23,260 | 23,150 ▪️ Resistance: 23,480 | 24,590 💰 FII/DII Flow ▪️ FII: -₹5,616.56 crore ▪️ DII: +₹5,740.89 crore 📊 Options Positioning ▪️ PCR: 0.98 (Neutral to Bullish) – Indicates a balanced market setup with improving sentiment and scope for directional moves. 📈 ▪️ Resistance: 23,700–23,800 zone, with highest Call OI at 23,500 followed by 23,800 & 23,700. ▪️ Support: 23,100–23,200 zone, with highest Put OI at 23,300 followed by 23,000. 🏭 Sectoral Outlook 🟢 Pharma – Buy on Dips 🟢 Healthcare – Buy on Dips 🟢 Metal – Buy on Dips 🟢 Energy – Buy on Dips 🟡 Auto – Accumulate 🔴 Realty – Avoid Fresh Longs 🚫 F&O Ban List ▪️ Amber ▪️ Kaynes 📌 Key Market Triggers ▪️ RBI MPC Meeting: The RBI's policy meeting enters its second day today, with markets closely tracking commentary on inflation, growth, crude oil prices, and the rupee ahead of the policy outcome on 5 June. ⚠️ For informational purposes only. Not investment advice.