MOMENTUM MANTRA DAILY RUN-UP 📅 15 July 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 15 July 2026
🔔 Opening View
Indian markets are likely to open on a flat to slightly positive note, with GIFT Nifty trading near 24,040, up around 16 points (+0.07%). Mixed global cues and elevated geopolitical uncertainty may keep early trade range-bound, while the 24,000 zone will remain a key support level to watch. 📈📊
📈 Market Recap
Nifty snapped its three-session winning streak and closed lower as escalating U.S.–Iran tensions, rising crude oil prices, renewed FII selling, and higher-than-expected India CPI inflation weighed on market sentiment. Selling pressure across key sectors kept the index under pressure despite strength in select defensive sectors. 📉📊
📈 Nifty Key Levels
▪️ Support: 24,000 | 23,950
▪️ Resistance: 24,160 | 24,220
💰 FII/DII Flow
▪️ FII: -₹739.69 crore
▪️ DII: +₹2,927.71 crore
📊 Options Positioning
▪️ PCR: 0.86 (Neutral to Bearish) – Indicates slightly higher Call writing than Put writing, reflecting a cautious near-term market bias. 📉
▪️ Resistance: 24,100–24,200 zone, with fresh Call writing visible around 24,100 and higher strikes.
▪️ Support: 24,000–23,900 zone, supported by notable Put OI concentration providing immediate downside support.
▪️ Max Pain: 24,200 – Suggests Nifty may gravitate around this level ahead of expiry. 📊
▪️ Interpretation: PCR at 0.86 reflects a cautious undertone, with Call writers maintaining an edge over Put writers. As long as Nifty remains below the 24,100–24,200 resistance zone, the market may remain range-bound to weak. A sustained move above 24,100 could trigger short covering, while 24,000–23,900 remains the key support zone 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