MOMENTUM MANTRA DAILY MARKET RUN-UP

MOMENTUM MANTRA DAILY MARKET RUN-UP 📅 03 June 2026 🔔 Opening View Indian markets was showing lower opening today, with GIFT Nifty indicating a gap-down start of nearly 130 points. Weak global cues and ongoing geopolitical uncertainties may keep sentiment cautious. 📉 📉 Market Recap Nifty gained 0.43% in the previous session as buying emerged in the second half of the session, helping the index recover from an initial gap-down opening and close above the 23,500 mark. 🌍 Global Cues 🇺🇸 Dow: ▲ 0.45% | Nasdaq: ▲ 0.03% 🛢️ 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 mixed, while Japan’s Nikkei 225 touched a record high, supported by continued strength in technology and export-oriented stocks. 📈 GIFT Nifty indicates a negative opening of nearly 130 points for domestic equities. 📈 Nifty Key Levels ▪️ Support: 23,260 | 23,150 ▪️ Resistance: 23,480 | 23,700 💰 FII/DII Flow ▪️ FII: -₹8,362.92 crore ▪️ DII: +₹9,589.32 crore 📊 Options Positioning ▪️ PCR: 0.58 (Bearish, Near Oversold) – Suggests negative sentiment with potential for a technical pullback rally. 📉↗️ ▪️ Resistance: 23,700–23,800 zone, with highest Call OI at 24,000 followed by 23,500. ▪️ 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: RBI's policy meeting begins today, with markets closely tracking its outlook on inflation, growth, the rupee, and interest rates amid rising crude oil prices and global uncertainties. ⚠️ For informational purposes only. Not investment advice.