MOMENTUM MANTRA DAILY RUN-UP 📅 16 June 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 16 June 2026
🔔 Opening View
Indian markets are likely to open on a flat-to-positive note today, with GIFT Nifty trading near 23,955, up around 38 points (+0.16%). Positive global cues and easing geopolitical concerns may support sentiment, though investors are likely to remain cautious ahead of key global economic events. 📈📊
📉 Market Recap
Nifty gained around 1%, extending its rally for a second session, as easing U.S.–Iran tensions, progress on the peace deal, and a sharp fall in crude oil prices boosted investor sentiment. 📈
🌍 Global Cues
🇺🇸 Dow: ▲ 0.92% | Nasdaq: ▲ 3.07% | S&P 500: ▲ 1.65%
📈 U.S. markets rallied sharply, with the Nasdaq surging 3.1% and the Dow hitting a record high, as the U.S.–Iran peace agreement and falling oil prices boosted risk sentiment ahead of the Fed policy meeting. 🚀📊
📉 Asian markets traded mixed, with weakness in Hong Kong and Japan offset by gains in Singapore and Shenzhen, as investors remained cautious ahead of key global central bank decisions. 📊🌏
📈 Nifty Key Levels
▪️ Support: 23,800 | 23,660
▪️ Resistance: 24,020 | 24,100
💰 FII/DII Flow
▪️ FII: +₹200.05 crore
▪️ DII: +₹3,189.26 crore
📊 Options Positioning
▪️ PCR: 0.96 (Neutral to Bullish) – Indicates balanced positioning with a slight positive bias, as strong Put writing continues to support the market at lower levels. 📈
▪️ Resistance: 24,000–24,100 zone, with highest Call OI at 24,000 followed by 23,500.
▪️ Support: 23,700–23,800 zone, with strong Put OI concentration at 23,800 and 23,700.
▪️ Max Pain: 23,800 – Suggesting Nifty may gravitate toward this level ahead of expiry. 📊
🏭 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
🚫 F&O Ban List