MOMENTUM MANTRA DAILY RUN-UP 📅 10 August 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 10 August 2026
🔔 Opening View
Indian markets are likely to open on a flat to slightly positive note, with GIFT Nifty trading near 24,662, up 6.50 points (+0.03%). Mixed global cues may keep sentiment cautious, while the 24,650–24,700 zone will remain the immediate resistance area to watch. 📊
📈 Market Recap
Indian markets ended lower in a lacklustre session as uncertainty over a potential U.S.–Iran deal and upcoming U.S. jobs data kept investors cautious.
📈 Nifty Key Levels
▪️ Support: 24,430 | 24,350
▪️ Resistance: 24,650 | 24,780
💰 FII/DII Flow
▪️ FII: +₹480.24 crore
▪️ DII: +₹235.56 crore
📊 Options Positioning
▪️ PCR: 0.89 (Neutral to Bearish) – Call OI exceeds Put OI, indicating a cautious near-term bias.
▪️ Resistance: 24,700–25,000 zone, with the highest Call OI at 25,000, followed by 24,700 and 24,800.
▪️ Support: 24,600–24,500 zone, with strong Put OI concentration at 24,600 and 24,500.
▪️ Max Pain: 24,600
▪️ Interpretation: PCR at 0.89 indicates a cautious undertone. Nifty needs to sustain above 24,600 to hold the positive structure. A move above 24,700 could trigger buying towards 24,800–25,000, while a break below 24,600 may extend weakness towards 24,500–24,400.
Source: NSE India
🏭 Sectoral Outlook
🟢 Bank Nifty – Buy on Dips
🟢 PSU Bank – Buy on Dips
🟢 Metal – Buy on Dips
🟢 Energy – Buy on Dips
🟢 Pharma – Buy on Dips
🟢 Auto – Accumulate
🟡 Realty – Stock Specific
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