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Manish Salvi

10th Jul · SEBI-Registered Analyst

MOMENTUM MANTRA DAILY RUN-UP 📅 10 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 10 July 2026 🔔 Opening View Indian markets are likely to open on a strong positive note, with GIFT Nifty trading near 24,154, up around 155 points (+0.64%). Positive global cues and improving risk sentiment may support buying interest at the open, while the 24,100–24,150 zone will be an important level to watch for further momentum. 📈📊 📈 Market Recap Nifty rebounded after the previous session's sharp decline, supported by continued FII inflows and positive global cues. However, gains remained capped as investors stayed cautious amid ongoing U.S.–Iran tensions and ahead of key Q1 earnings, led by

TCS
. 📊 📈 Nifty Key Levels ▪️ Support: 23,830 | 23,780 ▪️ Resistance: 24,135 | 24,180 💰 FII/DII Flow ▪️ FII: -₹532.86 crore ▪️ DII: +₹2,057.79 crore 📊 Options Positioning ▪️ PCR: 0.79 (Neutral to Bearish) – Indicates higher Call writing than Put writing, reflecting a cautious market bias. 📉 ▪️ Resistance: 24,000–24,100 zone, with the highest Call OI at 24,000 and fresh Call writing at higher strikes. ▪️ Support: 23,900–23,800 zone, with notable Put OI concentration providing immediate support. ▪️ Max Pain: 24,050 – Suggests Nifty may gravitate around this level ahead of expiry. 📊 ▪️ Interpretation: PCR at 0.79 indicates a cautious undertone, with Call writers maintaining control near the 24,000–24,100 zone. Immediate support is placed at 23,900–23,800. A sustained move above 24,000 could trigger short covering, while holding below this level may keep the near-term bias subdued. 🏭 Sectoral Outlook 🟢 Bank Nifty – Positive Bias 🟢 PSU Bank – Positive Bias 🟢 Pharma – Positive Bias 🟢 Metal – Constructive 🟢 Energy – Constructive 🟢 Auto – Positive Bias 🟢 Realty – Constructive 🚫 F&O Ban List
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For informational purposes only. Not investment advice.

#StockInNews#Today’sTradingSetup#Pre-OpeningCommentary#TechnicalViews
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