MOMENTUM MANTRA DAILY RUN-UP 📅 06 July 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 06 July 2026
🔔 Opening View
Indian markets are likely to open on a flat-to-negative note, with GIFT Nifty trading near 24,334, down around 19 points (-0.08%). Mixed global cues and profit booking at higher levels may keep the market range-bound in early trade, while the 24,300 zone will remain a key support level to watch. 📉📊
📈 Market Recap
Nifty opened with a strong gap-up but failed to sustain higher levels as profit booking emerged after the initial rally. Selling pressure intensified in the second half, dragging the index lower from the day's high. Despite the intraday correction, Nifty closed at 24,270.85, retaining most of its gains and ending the session in positive territory. 📊
📈 Nifty Key Levels
▪️ Support: 24,200 | 24,120
▪️ Resistance: 24,380 | 24,430
💰 FII/DII Flow
▪️ FII: +₹1,355.33 crore
▪️ DII: -₹1,953.89 crore
📊 Options Positioning
▪️ PCR: 1.00 (Neutral) – Indicates balanced positioning between Call and Put writers, suggesting a range-bound bias. 📊
▪️ Resistance: 24,300–24,400 zone, with the highest Call OI at 24,300 and fresh Call writing at higher strikes.
▪️ Support: 24,200–24,100 zone, with strong Put OI concentration and continued Put additions providing immediate support.
▪️ Max Pain: 24,200 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 1.00 reflects balanced positioning, with fresh Put writing near 24,200 providing support, while Call writing around 24,300–24,400 is likely to cap the upside. Nifty is expected to trade in the 24,200–24,400 range unless either level is decisively breached.
🏭 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
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