MOMENTUM MANTRA DAILY RUN-UP 📅 20 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 20 July 2026 🔔 Opening View Indian markets are likely to open on a flat to slightly negative note, with GIFT Nifty trading near 24,310, down around 12 points (-0.05%). Mixed global cues and stock-specific earnings are likely to keep early trade range-bound, while the 24,300 zone will remain a key support level to watch. 📊📉 📈 Market Recap After a positive start, Nifty traded range-bound for most of the session before strong buying in the final hour pushed the index above 24,300, helping it close near the day's high with a 1.09% gain. 📊 📈 Nifty Key Levels ▪️ Support: 24,200 | 24,120 ▪️ Resistance: 24,400 | 24,450 💰 FII/DII Flow ▪️ FII: -₹376.41 crore ▪️ DII: +₹1,017.89 crore 📊 Options Positioning ▪️ PCR: 1.62 (Bullish) – Indicates aggressive Put writing and strong bullish positioning, reflecting improving market sentiment. 📈 ▪️ Resistance: 24,350–24,450 zone, with fresh Call writing likely to cap the immediate upside. ▪️ Support: 24,200–24,100 zone, backed by strong Put OI concentration, providing immediate downside support. ▪️ Max Pain: 24,250 – Suggests Nifty may gravitate around this level ahead of expiry. 📊 ▪️ Interpretation: PCR at 1.62 reflects strong Put writing and a positive undertone. As long as Nifty holds above the 24,200–24,100 support zone, the bullish bias is likely to remain intact. A decisive move above 24,350–24,450 could trigger fresh short covering and extend the rally, while profit booking may emerge near higher levels due to the elevated PCR. 🏭 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 🟡 Realty – Stock Specific 🚫 F&O Ban List $KAYNES ⚠️ For informational purposes only. Not investment advice.