MOMENTUM MANTRA DAILY RUN-UP 📅 02 September 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 02 September 2026
🔔 Opening View
Indian markets are likely to open on a slightly negative note, with GIFT Nifty trading near 24,039.00, down 51.30 points (-0.21%) from the previous close. Weak global cues and cautious sentiment may keep pressure on the opening.
📉 Market Recap
Nifty witnessed a volatile session, opening 50–60 points lower and recovering to 24,143 before slipping below 24,000 and trading near 23,950. It later closed at 24,055.80 after CAS settlement. Persistent FII outflows, rising crude oil prices and global inflation concerns kept sentiment cautious, while strong 7.8% Q1 FY27 GDP growth offered some support.
📈 Nifty Key Levels
▪️ Support: 23,910 | 23,880
▪️ Resistance: 24,150 | 24,200
💰 FII/DII Flow
▪️ FII: +₹1,143.38 crore
▪️ DII: +₹1,846.94 crore
📊 Options Positioning
▪️ The maximum Call OI is observed at 24,200, followed by 24,500, indicating potential resistance in the 24,200–24,500 zone.
▪️ The maximum Put OI is observed at 24,000, followed by 24,100, suggesting support in the 24,000–24,100 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 24,000–24,200, with 24,200 acting as the higher-side range and 23,900–24,000 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