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 $KAYNES ⚠️ For informational purposes only. Not investment advice.