MOMENTUM MANTRA DAILY RUN-UP 📅 08 June 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 08 June 2026
🔔 Opening View
Indian markets are likely to open with a negative bias today, as GIFT Nifty trades near 23,192, down around 260 points (-1.11%). Weak global cues, cautious sentiment, and ongoing geopolitical uncertainties may keep markets under pressure at the opening bell. 📉
📉 Market Recap
Indian equity benchmarks ended lower as investors reacted to the RBI’s downward revision in FY27 growth projections and a higher inflation forecast of 5.1%. Sentiment remained subdued amid continued foreign fund outflows and weak global cues.
🌍 Global Cues
🇺🇸 Dow: ▼ 1.35% | Nasdaq: ▼ 4.18%
📉 Wall Street declined sharply as rising Treasury yields and weakness in semiconductor stocks fueled concerns that U.S. interest rates may remain higher for longer.
🌏 Asian markets traded sharply lower, led by heavy losses in Japan, as risk-off sentiment weighed on regional equities.
📈 Nifty Key Levels
▪️ Support: 23,150 | 23,000
▪️ Resistance: 23,470 | 24,590
💰 FII/DII Flow
▪️ FII: -₹8,776.25 crore
▪️ DII: +₹9,133.57 crore
📊 Options Positioning
▪️ PCR: 0.70 (Bearish) – Indicates cautious sentiment, though support from Put writers could help limit downside. 📉
▪️ Resistance: 23,600–23,700 zone, with highest Call OI at 23,500 followed by 23,700.
▪️ Support: 23,100–23,200 zone, with highest Put OI at 23,000 followed by 23,300.
🏭 Sectoral Outlook
🟢 Pharma – Buy on Dips
🟢 Healthcare – Buy on Dips
🟢 Metal – Buy on Dips
🟢 Energy – Buy on Dips
🟡 Auto – Accumulate
🔴 Realty – Avoid Fresh Longs
🚫 F&O Ban List
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