MOMENTUM MANTRA DAILY MARKET RUNUP 📅 01 September 2026
MOMENTUM MANTRA DAILY MARKET RUNUP
📅 01 September 2026
🔔 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.
📉 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.
📈 Nifty Key Levels
▪️ Support: 24,025 | 23,910
▪️ Resistance: 24,190 | 24,270
💰 FII/DII Flow
▪️ FII: -₹7,985.88 crore
▪️ DII: +₹4,588.88 crore
📊 Options Positioning
▪️ The maximum Call OI is observed at 24,300, followed by 24,500, indicating potential resistance in the 24,300–24,500 zone.
▪️ The maximum Put OI is observed at 24,000, followed by 24,200, suggesting support in the 24,000–24,200 zone.
▪️ Max Pain: 24,200 – Likely to act as the near-term equilibrium level for Nifty.
▪️ Based on PCR and OI positioning, Nifty is likely to remain range-bound between 24,000–24,500, with 24,300–24,500 acting as the higher-side range and 24,000–24,200 as the lower-side range.
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
🚫 F&O Ban List