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Manish Salvi

1st Sep ยท SEBI Registration INH000015598

MOMENTUM MANTRA DAILY MARKET RUNUP ๐Ÿ“… 01 September 2026

MOMENTUM MANTRA DAILY MARKET RUNUP ๐Ÿ“… 01 September 2026 ๐Ÿ”” Opening View Indian markets are likely to open on a negative note, with GIFT Nifty trading near 24,197.00, down 54.40 points (-0.22%) from the previous close. Weak global cues may keep sentiment cautious at the opening. ๐Ÿ“‰ Market Recap Indian markets ended lower, with the Nifty 50 down 0.39% at 24,080.40. Rising crude oil prices, US rate concerns, the new closing-price mechanism and the MSCI rebalancing weighed on sentiment. The Nifty also recorded a monthly decline of around 1.5% in August. ๐Ÿ“ˆ Nifty Key Levels โ–ช๏ธ Support: 24,025 | 23,910 โ–ช๏ธ Resistance: 24,190 | 24,270 ๐Ÿ’ฐ FII/DII Flow โ–ช๏ธ FII: -โ‚น7,985.88 crore โ–ช๏ธ DII: +โ‚น4,588.88 crore ๐Ÿ“Š Options Positioning โ–ช๏ธ The maximum Call OI is observed at 24,300, followed by 24,500, indicating potential resistance in the 24,300โ€“24,500 zone. โ–ช๏ธ The maximum Put OI is observed at 24,000, followed by 24,200, suggesting support in the 24,000โ€“24,200 zone. โ–ช๏ธ Max Pain: 24,200 โ€“ Likely to act as the near-term equilibrium level for Nifty. โ–ช๏ธ Based on PCR and OI positioning, Nifty is likely to remain range-bound between 24,000โ€“24,500, with 24,300โ€“24,500 acting as the higher-side range and 24,000โ€“24,200 as the lower-side range. Source: NSE India ๐Ÿญ Sectoral Outlook ๐ŸŸข Bank Nifty โ€“ Positive Bias ๐ŸŸข PSU Bank โ€“ Positive Bias ๐ŸŸข Pharma โ€“ Positive Bias ๐ŸŸข Metal โ€“ Constructive ๐ŸŸข Energy โ€“ Constructive ๐ŸŸข Auto โ€“ Positive Bias ๐ŸŸข Realty โ€“ Constructive ๐Ÿšซ F&O Ban List

LICHSGFIN
SAIL ๐Ÿ“Œ Key Market Triggers ๐Ÿ“Œ India GDP: Indiaโ€™s Q1 FY27 GDP growth stood at a robust 7.8%, highlighting strong economic momentum despite global and geopolitical headwinds. ๐Ÿ“Œ Auto Sales: Indiaโ€™s major automakers are releasing their August 2026 sales figures today, with strong growth expected across passenger vehicles, two-wheelers and commercial vehicles ahead of the festive season. โš ๏ธ For informational purposes only. Not investment advice.

#Pre-OpeningCommentary#TechnicalViews#FundamentalViews
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