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Manish Salvi

18th Jun ยท SEBI-Registered Analyst

MOMENTUM MANTRA DAILY RUN-UP ๐Ÿ“… *18 June 2026*

MOMENTUM MANTRA DAILY RUN-UP ๐Ÿ“… *18 June 2026* ๐Ÿ”” *Opening View* Indian markets are likely to open on a flat-to-negative note today, with *GIFT Nifty trading near 24,083, down around 11 points (-0.05%)*. Mixed global cues and cautious investor sentiment ahead of key global developments may keep markets range-bound in early trade. ๐Ÿ“‰๐Ÿ“Š ๐Ÿ“‰ *Market Recap* Nifty extended its winning streak for a fourth consecutive session, ending higher as value buying in index heavyweights, softer crude oil prices, and a stronger rupee supported investor sentiment ahead of the U.S. Federal Reserve policy decision. ๐Ÿ“ˆ ๐ŸŒ *Global Cues* ๐Ÿ‡บ๐Ÿ‡ธ *Dow:* โ–ผ 0.98% | *Nasdaq:* โ–ผ 1.35% | *S&P 500:* โ–ผ 1.21% ๐Ÿ“‰ U.S. markets ended lower, with the Dow falling over 500 points as the Federal Reserve kept rates unchanged but signaled the possibility of future rate hikes, weighing on investor sentiment and major technology stocks. ๐Ÿ“Š๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿ“ˆ Asian markets traded mixed, with strong gains in Japan offsetting weakness in Hong Kong and China, while investors assessed the Fed's policy outlook and global growth prospects. ๐Ÿ“Š๐ŸŒ ๐Ÿ“ˆ *Nifty Key Levels* โ–ช๏ธ Support: *23,950 | 23,800* โ–ช๏ธ Resistance: *24,150 | 24,250* ๐Ÿ’ฐ *FII/DII Flow* โ–ช๏ธ FII: *+โ‚น101.59 crore* โ–ช๏ธ DII: *+โ‚น1,561.40 crore* ๐Ÿ“Š *Options Positioning* โ–ช๏ธ *PCR: 1.07 (Neutral to Bullish)* โ€“ Indicates improving sentiment with Put writers maintaining support at lower levels, suggesting a positive bias. ๐Ÿ“ˆ โ–ช๏ธ Resistance: *24,100โ€“24,200* zone, with highest Call OI at *24,000* followed by *23,500*. โ–ช๏ธ Support: *23,900โ€“24,000* zone, with strong Put OI concentration at *24,000* and *23,900*. โ–ช๏ธ *Max Pain:* *24,000*. ๐Ÿ“Š ๐Ÿญ *Sectoral Outlook* ๐ŸŸข Bank Nifty โ€“ Buy on Dips ๐ŸŸข PSU Bank โ€“ Buy on Dips ๐ŸŸข Metal โ€“ Buy on Dips ๐ŸŸข Energy โ€“ Buy on Dips ๐ŸŸข Pharma โ€“ Buy on Dips ๐ŸŸก Auto โ€“ Accumulate ๐Ÿšซ *F&O Ban List* $KAYNES โš ๏ธ For informational purposes only. Not investment advice.

#Pre-OpeningCommentary#TechnicalViews#FundamentalViews#SectorBreakouts#StockInNews
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