MOMENTUM MANTRA DAILY RUN-UP 📅08 Sept 2026
MOMENTUM MANTRA DAILY RUN-UP
📅08 Sept 2026
🔔Opening View
Indian markets are likely to open on a negative note, with GIFT Nifty trading near 23,802.50, down 65.20 points (-0.27%) from the previous close.
📉Market Recap
The market opened on a flat note but faced sustained selling pressure, breaching the long-held 24,800 level and closing at 23,779. The index fell to its lowest level in over six weeks, reversing the previous session’s gains, as extended US–Iran hostilities, rising crude oil prices, concerns over Fed rate hikes and continued FII selling weighed on market sentiment.
📈Nifty Key Levels
▪️ Support: 23,600 | 23,700
▪️ Resistance: 23,900 | 24,025
💰FII/DII Flow
▪️ FII: Bought equities worth ₹280.13 crore
▪️ DII: Bought equities worth ₹566.76 crore, reflecting net buying by both foreign and domestic institutional investors.
📊 Options Positioning
▪️ The maximum Call OI is observed at 24,000, followed by 24,200, indicating potential resistance in the 24,000–24,200 zone.
▪️ The maximum Put OI is observed at 23,800, followed by 23,600, suggesting support in the 23,600–23,800 zone.
▪️ PCR: 0.69 | Max Pain: 23,800
▪️ Based on PCR and OI positioning, Nifty may remain range-bound between 23,800–24,200, with 24,000–24,200 as the higher-side range and 23,600–23,800 as the lower-side range.
🚫 F&O Ban List
INOXWIND
KAYNES
LICHSGFIN
SAIL
Key Market Triggers
▪️ NSE &