MOMENTUM MANTRA DAILY RUN-UP 📅 18 August 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 18 August 2026
🔔 Opening View
Indian markets are likely to open on a negative note, with GIFT Nifty trading near 24,300.50, down 92.20 points (-0.38%). Weak global cues may keep sentiment cautious, with 24,300–24,200 emerging as the immediate support zone. 📉
📈 Market Recap
Indian markets ended lower, with the Sensex falling 0.36% to 77,728, as higher crude oil prices and persistent Middle East tensions weighed on sentiment. IT stocks were among the major drags, while metals and private banks provided some support.
📈 Nifty Key Levels
▪️ Support: 24,200 | 24,140
▪️ Resistance: 24,360 | 24,420
💰 FII/DII Flow
▪️ FII: -₹2,535.10 crore
▪️ DII: +₹5,101.46 crore
📊 Options Positioning
▪️ PCR: 0.98 (Neutral) – Put and Call OI are nearly balanced, indicating a neutral near-term setup.
▪️ Resistance: 24,500–24,800 zone, with the highest Call OI at 24,500, followed by 24,800 and 24,600.
▪️ Support: 24,300–24,400 zone, with notable Put OI concentration at 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 24,600–24,700, 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