Momentum Mantra DAILY RUN-UP 📅 09 July 2026
Momentum Mantra DAILY RUN-UP
📅 09 July 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 23,965, up around 53 points (+0.22%). Positive opening cues may support early sentiment, though investors are likely to remain cautious amid ongoing geopolitical developments and global macro uncertainty. 📈📊
📈 Market Recap
Nifty witnessed a sharp sell-off and closed over 2% lower as renewed U.S.–Iran tensions and attacks in the Strait of Hormuz reignited concerns over global energy supplies.
📈 Nifty Key Levels
▪️ Support: 23,830 | 23,780
▪️ Resistance: 23,990 | 24,135
FII/DII Flow
▪️ FII: +₹1,962.80 crore
▪️ DII: +₹790.16 crore
📊 Options Positioning
▪️ PCR: 0.61 (Bearish) – Indicates aggressive Call writing and cautious market sentiment, reflecting a bearish near-term bias. 📉
▪️ Resistance: 24,000–24,100 zone, with the highest Call OI at 24,000 and fresh Call writing at higher strikes.
▪️ Support: 23,800–23,700 zone, with notable Put OI concentration providing immediate support.
▪️ Max Pain: 24,100 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 0.61 reflects aggressive Call writing, indicating a cautious to bearish undertone. Immediate resistance is placed in the 24,000–24,100 zone, while the 23,800–23,700 zone is expected to provide support. Sustaining below 24,000 may keep sentiment weak, whereas a decisive move above this level could trigger short covering.
🏭 Sectoral Outlook
Bank Nifty – Positive Bias
PSU Bank – Positive Bias
Pharma – Positive Bias
Metal – Constructive
Energy – Constructive
uto – Positive Bias
Realty – Constructive
📌 Key Market Triggers
📌 Q1 Earnings Season Begins: