MOMENTUM MANTRA DAILY RUN-UP 📅 17 August 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 17 August 2026
🔔 Opening View
Indian markets are likely to open on a slightly negative note, with GIFT Nifty trading near 24,393, down 56.60 points (-0.23%). Mixed global cues may keep sentiment cautious in early trade. 📊
📈 Market Recap
Nifty remained range-bound between 24,300–24,360 after a negative opening. Buying interest in the second half lifted the index, but profit booking near 24,400 kept gains limited, with Nifty ending marginally lower by 0.12%.
📈 Nifty Key Levels
▪️ Support: 24,300 | 24,180
▪️ Resistance: 24,500 | 24,610
💰 FII/DII Flow
▪️ FII: +₹508.12 crore
▪️ DII: +₹356.40 crore
📊 Options Positioning
▪️ PCR: 0.98 (Neutral) – Put and Call OI are nearly balanced, indicating a neutral near-term setup.
▪️ Resistance: 24,500–24,600 zone, with higher Call OI concentration at 24,500 and 24,600.
▪️ Support: 24,300–24,400 zone, with notable Put OI concentration around 24,300 and 24,400.
▪️ Max Pain: 24,400
▪️ Interpretation: PCR at 0.98 indicates a neutral market structure. Nifty may remain range-bound around 24,400. Sustaining above 24,500 may support stability towards 24,600, while a move below 24,300 may increase the possibility of weakness towards 24,200–24,100.
Source: NSE India
🏭 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