MOMENTUM MANTRA DAILY RUN-UP 📅 06 August 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 06 August 2026
Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 24,723, up 74.80 points (+0.30%). Supportive global cues and sustained buying interest may keep sentiment positive, while the 24,700–24,800 zone will remain the immediate resistance area to watch. 📈
📈 Market Recap
Indian equity benchmarks ended marginally higher in a volatile session after the RBI kept the repo rate unchanged at 5.25% and maintained its neutral policy stance, in line with expectations. However, higher crude oil prices amid renewed geopolitical tensions limited the market's gains.
📈 Nifty Key Levels
▪️ Support: 24,430 | 24,350
▪️ Resistance: 24,650 | 24,780
💰 FII/DII Flow
▪️ FII: -₹943.42 crore
▪️ DII: +₹2,883.17 crore
📊 Options Positioning
▪️ PCR: 0.91 (Neutral to Slightly Bullish) – Put and Call OI remain relatively balanced, indicating a mildly positive near-term bias.
▪️ Resistance: 24,700–24,800 zone, with the highest Call OI concentration at 24,700, followed by 24,800 and 25,000.
▪️ Support: 24,600–24,500 zone, backed by strong Put OI buildup, with the highest Put OI at 24,600, followed by 24,500 and 24,400.
▪️ Max Pain: 24,550 – Suggests Nifty may gravitate around this level ahead of the weekly expiry.
▪️ Interpretation: PCR at 0.91 indicates a neutral to slightly bullish market structure. As long as Nifty holds above the 24,550–24,600 support zone, the broader positive bias is likely to remain intact. A sustained move above 24,700 could trigger fresh buying towards 24,800–25,000, while a break below 24,550 may lead to profit booking towards 24,500–24,400.
Source: NSE India
🏭 Sectoral Outlook
🟢 Bank Nifty – Buy on Dips
🟢 PSU Bank – Buy on Dips
🟢 Metal – Buy on Dips
🟢 Energy – Buy on Dips
🟢 Pharma – Buy on Dips
🟢 Auto – Accumulate
🟡 Realty – Stock Specific
🚫 Stocks in NEWS