MOMENTUM MANTRA DAILY RUN-UP 📅 14 July 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 14 July 2026
🔔 Opening View
Indian markets are likely to open on a negative note, with GIFT Nifty trading near 24,053, down around 190 points (-0.78%). Weak global cues and profit booking at higher levels may weigh on early sentiment, while the 24,000 zone will remain a crucial support level to watch. 📉📊
📈 Market Recap
Nifty extended its gains for the third consecutive session, recovering from early losses as strong buying in IT stocks, led by TCS and other frontline technology names, outweighed weakness in metal, FMCG, and pharma stocks. Continued FII inflows also supported market sentiment despite lingering geopolitical concerns. 📊
📈 Nifty Key Levels
▪️ Support: 24,060 | 24,000
▪️ Resistance: 24,260 | 24,300
💰 FII/DII Flow
▪️ FII: -₹3,062.27 crore
▪️ DII: +₹2,171.70 crore
📊 Options Positioning
▪️ PCR: 1.62 (Bullish) – Indicates aggressive Put writing and strong bullish positioning, reflecting improving market sentiment. 📈
▪️ Resistance: 24,200–24,300 zone, with significant Call OI concentration and fresh Call writing likely to cap immediate upside.
▪️ Support: 24,100–24,000 zone, backed by strong Put OI concentration, providing immediate downside support.
▪️ Max Pain: 24,200 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 1.62 reflects aggressive Put writing and strong bullish sentiment. However, the elevated PCR also suggests optimism is becoming stretched, increasing the possibility of consolidation or profit booking near the 24,200–24,300 resistance zone. A decisive move above 24,300 could trigger fresh short covering, while 24,100–24,000 remains the key support area to watch.
🏭 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