MOMENTUM MANTRA DAILY RUN-UP 📅 01 July 2026
MOMENTUM MANTRA DAILY RUN-UP 📅 01 July 2026
🔔 Opening View
Indian markets are likely to open on a flat-to-negative note, with GIFT Nifty trading near 23,985, down around 24 points (-0.10%). Mixed global cues and cautious investor sentiment may keep the market range-bound in early trade, with the 24,000 level remaining a key zone to watch. 📉📊
📉 Market Recap
Nifty ended lower for the second consecutive session in a range-bound trading session. Selling pressure in IT, TECK, and FMCG stocks, coupled with uncertainty over the next round of U.S.–Iran negotiations, a delayed monsoon, and fresh FII outflows kept market sentiment subdued. 📊
📈 Nifty Key Levels
▪️ Support: 23,850 | 23,770
▪️ Resistance: 24,100 | 24,170
💰 FII/DII Flow
▪️ FII: -₹2,556.75 crore
▪️ DII: +₹6,842.34 crore
📊 Options Positioning
▪️ PCR: 0.80 (Neutral to Bearish) – Indicates higher Call writing than Put writing, reflecting a cautious market bias. 📉
▪️ Resistance: 23,900–24,000 zone, with the highest Call OI at 24,000 and fresh Call writing around 23,900–24,000.
▪️ Support: 23,900–23,800 zone, with notable Put OI concentration providing immediate support.
▪️ Max Pain: 24,000 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 0.80 indicates a cautious undertone, with fresh Call writing near 23,900–24,000 capping the upside, while continued Put additions around 23,800 are providing immediate support. The index is likely to remain range-bound between 23,800–24,000 unless either level is decisively breached.
🏭 Sectoral Outlook
🟢 Bank Nifty – Positive Bias
🟢 PSU Bank – Positive Bias
🟢 Pharma – Positive Bias
🟢 Metal – Constructive
🟢 Energy – Constructive
🟢 Auto – Positive Bias
🟡 Realty – Stock Specific
🚫 Stocks In News