MOMENTUM MANTRA DAILY RUN-UP
📅 02 July 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 24,180, up around 87 points (+0.36%). Strong global cues and improving risk sentiment may support buying interest in early trade, while the 24,200 zone will be a key level to watch for further momentum. 📈📊
📈 Market Recap
Nifty opened on a positive note and extended gains to reclaim the 24,000 mark. The index traded in a narrow range during the second half and ended 0.59% higher, supported by sustained buying and improved market sentiment. 📊
📈 Nifty Key Levels
▪️ Support: 24,020 | 23,950
▪️ Resistance: 24,150 | 24,250
💰 FII/DII Flow
▪️ FII: -₹1,140.50 crore
▪️ DII: +₹3,159.24 crore
📊 Options Positioning
▪️ PCR: 1.11 (Neutral to Bullish) – Indicates stronger Put writing than Call writing, reflecting improving sentiment and support at lower levels. 📈
▪️ Resistance: 24,000–24,100 zone, with the highest Call OI at 24,000 and fresh Call writing around 24,000–24,100.
▪️ Support: 23,900–24,000 zone, with notable Put OI concentration and fresh Put additions providing immediate support.
▪️ Max Pain: 24,000 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 1.11 reflects improving sentiment with fresh Put writing and ongoing short covering. Sustaining above 24,000 could keep the near-term bias positive, while immediate support is placed in the 23,900–24,000 zone.
🏭 Sectoral Outlook
🟢 Bank Nifty – Positive Bias
🟢 PSU Bank – Positive Bias
🟢 Pharma – Positive Bias
🟢 Metal – Constructive
🟢 Energy – Constructive
🟢 Auto – Positive Bias
🟡 Realty – Stock Specific
🚫 F&O Ban List
Nil
🚫 STOCKS IN NEWS