MOMENTUM MANTRA DAILY RUN-UP 📅 20 August 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 20 August 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 24,257.50, up 139.90 points (+0.58%). Strong GIFT Nifty cues may support an early recovery after the recent losing streak. 📈
📈 Market Recap
Indian equity benchmarks extended their losing streak as elevated crude oil prices and the lack of a diplomatic breakthrough following the expiry of the U.S.–Iran ceasefire weighed on sentiment. Brent crude above $91 and elevated global bond yields intensified risk aversion, putting further pressure on equities.
📈 Nifty Key Levels
▪️ Support: 24,000 | 23,920
▪️ Resistance: 24,240 | 24,320
💰 FII/DII Flow
▪️ FII: +₹407.99 crore
▪️ DII: +₹3,973.72 crore
📊 Options Positioning
▪️ PCR: 0.81 (Cautious) – Call OI is higher than Put OI, indicating a cautious near-term setup.
▪️ Resistance: 24,200–24,500 zone, with strong Call OI concentration at 24,200, 24,300 and 24,500.
▪️ Support: 24,000–24,200 zone, with the highest Put OI at 24,000, followed by 24,200.
▪️ Max Pain: 24,200
▪️ Interpretation: PCR at 0.81 indicates a cautious market structure. Nifty may remain under pressure below 24,200. Sustaining above 24,200 may support a move towards 24,300–24,500, while a break below 24,000 may increase weakness towards 23,900–23,800.
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