MOMENTUM MANTRA DAILY RUN-UP 📅 03 July 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 03 July 2026
🔔 Opening View
Indian markets are likely to open on a strong positive note, with GIFT Nifty trading near 24,405, up around 140 points (+0.58%). Supportive global cues, sustained strength in IT stocks, easing crude oil prices, and improving risk sentiment may drive buying interest, while the 24,400–24,450 zone will be the key hurdle to watch for further upside momentum. 📈📊
📈 Market Recap
After a positive opening, Nifty traded in a narrow range for most of the session. Strong buying in the final hour lifted the index above key resistance levels, helping it close near the day's high with a 0.71% gain, supported by strength in IT and other frontline stocks. 📊
📈 Nifty Key Levels
▪️ Support: 24,100 | 24,030
▪️ Resistance: 24,270 | 24,320
💰 FII/DII Flow
▪️ FII: -₹311.82 crore
▪️ DII: +₹1,784.40 crore
📊 Options Positioning
▪️ PCR: 1.32 (Bullish) – Indicates aggressive Put writing and improving market sentiment, reflecting a positive near-term bias. 📈
▪️ Resistance: 24,400–24,500 zone, with fresh Call writing visible at higher strikes.
▪️ Support: 24,200–24,100 zone, with strong Put OI concentration and continued Put additions providing immediate support.
▪️ Max Pain: 24,100 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 1.32 indicates strong Put writing and continued short covering, reinforcing the bullish undertone. As long as Nifty holds above 24,200, the positive bias is likely to continue, while the 24,400–24,500 zone may act as the immediate resistance.
🏭 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
Nil
🚫 Stock's In NEWS