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Manish Salvi

1st Jun · SEBI-Registered Analyst

📊 MOMENTUM MANTRA– DAILY RUN-UP, 01 June 2026

“Markets Seen Range-Bound as U.S.–Iran Uncertainty, Elevated Crude & Weak Rupee Keep Sentiment Cautious” 🔎 Market View Indian markets are likely to open flat to mildly positive today, with GIFT Nifty indicating a cautious start after Friday’s sharp sell-off triggered by MSCI rebalancing-related flows. While easing crude oil prices and supportive global cues may aid sentiment, investors are expected to remain selective amid ongoing geopolitical developments, FII activity, and upcoming macroeconomic triggers. Volatility may persist, with stock-specific action likely to dominate trading. 📉 Market Indices – 29 May 2026 * Sensex: ~74,775.74 ⬇️ (-1.44%) * Nifty 50: ~23,547.75 ⬇️ (-1.50%) * Nifty Midcap: ~14,474.90 ⬇️ (-1.57%) * Nifty Smallcap: ~18,138 ⬇️ (-0.85%) 📊 Sector Performance * Top Performers: IT, Realty * Lagging Sectors: Oil & Gas, Metal 💰 Institutional Activity on 29 May * FIIs: Net sellers of ₹21,105.86 crore * DIIs: Net buyers of ₹16,764.14 crore ✨ GIFT Nifty Signals Flat Start GIFT Nifty hovered near 23,750 ⬇️ ~10 points, indicating a flat opening for domestic equities. 📈 Sectoral View (Short–Medium Term) * NIFTY PHARMA: 🟢 Bullish ⬆️ Uptrend intact, strength continues * NIFTY HEALTHCARE: 🟢 Bullish ⬆️ Uptrend intact, strength continues * NIFTY METAL: 🟢 Bullish ⬆️ Trend remains positive * NIFTY ENERGY: 🟢 Bullish ⬆️ Strength continues * NIFTY AUTO: ⚠️ Short-Term Pressure ⬇️ Consolidation likely at higher levels * NIFTY IT: 🔴 Bearish ⬇️ Trading b For informational purposes only. Not investment advice.

#TechnicalViews#WatchOutFor#Pre-OpeningCommentary
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