MOMENTUM MANTRA DAILY RUN-UP* 📅 *17 June 2026*
MOMENTUM MANTRA DAILY RUN-UP*
📅 *17 June 2026*
🔔 *Opening View*
Indian markets are likely to open on a flat-to-positive note today, with *GIFT Nifty trading near 24,010, up around 9 points (+0.04%)*. Positive global cues and easing geopolitical concerns may support sentiment, while investors remain focused on the upcoming U.S. Federal Reserve policy outcome and global market developments. 📈📊
📉 *Market Recap*
Nifty gained *0.57%* in a range-bound session, extending its rally for a third consecutive day as easing U.S.–Iran tensions, softer crude oil prices, and positive global cues supported investor sentiment. 📈
🌍 *Global Cues*
🇺🇸 *Dow:* ▲ 0.64% | *Nasdaq:* ▼ 1.15% | *S&P 500:* ▼ 0.57%
📉 U.S. markets ended mixed, with the Dow Jones hitting a record high on optimism surrounding the U.S.–Iran peace agreement, while profit booking in semiconductor and AI-related stocks weighed on the Nasdaq and S&P 500. 📊🇺🇸
📈 Asian markets traded mixed, with gains in Japan, Singapore, and Shenzhen offset by weakness in Hong Kong and Shanghai, as investors remained cautious ahead of key central bank policy decisions. 📊🌏
📈 *Nifty Key Levels*
▪️ Support: *23,800 | 23,660*
▪️ Resistance: *24,020 | 24,100*
💰 *FII/DII Flow*
▪️ FII: *-₹749.18 crore*
▪️ DII: *+₹0.06 crore*
📊 *Options Positioning*
▪️ *PCR: 1.03 (Neutral to Bullish)* – Indicates balanced positioning with a slight bullish bias, supported by steady Put writing at lower levels. 📈
▪️ Resistance: *24,000–24,100* zone, with highest Call OI at *24,000* followed by *24,500*.
▪️ Support: *23,800–23,900* zone, with strong Put OI concentration at *23,900* and *23,800*.
▪️ Max Pain: *23,900*. 📊
🏭 *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*