MOMENTUM MANTRA DAILY RUN-UP 📅 02 June 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 02 June 2026 🔔 Opening View Indian markets opened lower today, with GIFT Nifty was indicating a gap-down start of nearly 200 points. Weak global cues and ongoing geopolitical uncertainties may keep sentiment cautious. 📉 📉 Market Recap Nifty declined 0.70% in the previous session amid elevated crude oil prices, uncertainty over the U.S.–Iran ceasefire, and continued FII selling pressure. 🌍 Global Cues 🇺🇸 Dow: ▲ 0.09% | Nasdaq: ▲ 0.42% 🛢️ WTI crude traded near $92 per barrel as uncertainty over U.S.–Iran ceasefire talks and the Strait of Hormuz kept oil prices elevated. 📈 GIFT Nifty indicates a negative opening of nearly 200 points for domestic equities. 📈 Nifty Key Levels ▪️ Support: 23,260 | 23,150 ▪️ Resistance: 23,480 | 23,700 💰 FII/DII Flow ▪️ FII: -₹3,911.68 crore ▪️ DII: +₹5,109.13 crore 📊 Options Positioning ▪️ PCR: 0.49 (Bearish, Oversold) – Indicates strong bearish positioning, with chances of a short-covering rally if support holds. 📉↗️ ▪️ Resistance: 23,450–23,500 (heavy Call OI buildup) ▪️ Support: 23,200–23,300 (strong Put OI concentration) 🏭 Sectoral Outlook 🟢 Pharma – Buy on Dips 🟢 Healthcare – Buy on Dips 🟢 Metal – Buy on Dips 🟢 Energy – Buy on Dips 🟡 Auto – Accumulate 🔴 Realty – Avoid Fresh Longs 🚫 F&O Ban List ▪️ Amber ▪️ Kaynes 📌 Key Market Triggers ▪️ India’s fiscal deficit widened to ₹3.62 lakh crore in April, representing 21.4% of the FY27 budget target. ▪️ Industrial output growth slowed to 4.9% YoY in April under the revised IIP series, compared with 5.7% growth recorded in April 2025. ⚠️ For informational purposes only. Not investment advice.