MOMENTUM MANTRA DAILY RUN-UP 📅 03 September 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 03 September 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 24,082.50, up 82.20 points (+0.34%) from the previous close. Positive global cues may support the opening.
📉 Market Recap
Nifty opened with a sharp 198-point gap down at 23,858 and slipped near 23,790 before staging a recovery. Buying in the second half lifted the index towards 23,910, while the closing auction helped Nifty finish at 23,914.45, recovering over 100 points from the day’s low but still ending around 140 points lower than the previous close.
📈 Nifty Key Levels
▪️ Support: 23,821 | 23,780
▪️ Resistance: 24,030 | 24,200
💰 FII/DII Flow
▪️ FII: +₹6,688.37 crore
▪️ DII: +₹2,812.98 crore
📊 Options Positioning
▪️ The maximum Call OI is observed at 24,200, followed by 24,300, indicating potential resistance in the 24,200–24,300 zone.
▪️ The maximum Put OI is observed at 23,800, followed by 23,500, suggesting support in the 23,800–23,500 zone.
▪️ Max Pain: 24,000 – Likely to act as the near-term equilibrium level for Nifty.
▪️ Based on PCR (0.87) and OI positioning, Nifty is likely to remain range-bound between 23,800–24,200, with 24,200–24,300 acting as the higher-side range and 23,500–23,800 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