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 ▪️ $AMBER ▪️ $KAYNES 📌 Key Market Triggers ▪️ LPG Price Hike: Domestic LPG cylinder prices were increased by ₹29, taking the Delhi price to ₹942, while PMUY beneficiaries continue to receive subsidized cylinders. ⛽📈 ▪️ RBI Policy: Repo rate unchanged at 5.25%; FY27 GDP forecast cut to 6.6% and inflation outlook raised to 5.1%. 🏦 ⚠️ For informational purposes only. Not investment advice.