📊MOMENTUM MANTRA DAILY RUN-UP 📅 08 July 2026
📊MOMENTUM MANTRA DAILY RUN-UP
📅 08 July 2026
🔔 Opening View
Indian markets are likely to open on a negative note, with GIFT Nifty trading near 24,240, down around 200 points (-0.82%). Weak global cues and profit booking are likely to weigh on sentiment at the open, while the 24,200 zone will be a crucial support level to watch. 📉📊
📈 Market Recap
Nifty ended marginally lower in a range-bound session on weekly expiry, as profit booking after the recent rally and caution ahead of the Fed meeting minutes and the start of the Q1 earnings season kept sentiment subdued. 📊
🌍 Global Cues
📈 Nifty Key Levels
▪️ Support: 24,150 | 24,050
▪️ Resistance: 24,450 | 24,530
💰 FII/DII Flow
▪️ FII: +₹393.19 crore
▪️ DII: -₹383.43 crore
📊 Options Positioning
▪️ PCR: 1.04 (Neutral to Bullish) – Indicates balanced positioning with a slight positive bias as Put writing marginally outweighs Call writing. 📈
▪️ Resistance: 24,500–24,600 zone, with fresh Call writing visible at higher strikes.
▪️ Support: 24,400–24,300 zone, with strong Put OI concentration providing immediate support.
▪️ Max Pain: 24,400 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 1.04 reflects a balanced market with a slight bullish bias. As long as Nifty holds above the 24,400–24,300 support zone, the broader positive undertone remains intact, while the 24,500–24,600 zone may act as the immediate hurdle for further upside.
🏭 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 IN NEWS LIST