MOMENTUM MANTRA DAILY RUN-UP ๐ 20 July 2026
MOMENTUM MANTRA DAILY RUN-UP ๐ 20 July 2026 ๐ 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. ๐๐ ๐ 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. ๐ ๐ Nifty Key Levels โช๏ธ Support: 24,200 | 24,120 โช๏ธ Resistance: 24,400 | 24,450 ๐ฐ FII/DII Flow โช๏ธ FII: -โน376.41 crore โช๏ธ DII: +โน1,017.89 crore ๐ Options Positioning โช๏ธ PCR: 1.62 (Bullish) โ Indicates aggressive Put writing and strong bullish positioning, reflecting improving market sentiment. ๐ โช๏ธ Resistance: 24,350โ24,450 zone, with fresh Call writing likely to cap the immediate upside. โช๏ธ Support: 24,200โ24,100 zone, backed by strong Put OI concentration, providing immediate downside support. โช๏ธ Max Pain: 24,250 โ Suggests Nifty may gravitate around this level ahead of expiry. ๐ โช๏ธ Interpretation: PCR at 1.62 reflects strong Put writing and a positive undertone. As long as Nifty holds above the 24,200โ24,100 support zone, the bullish bias is likely to remain intact. A decisive move above 24,350โ24,450 could trigger fresh short covering and extend the rally, while profit booking may emerge near higher levels due to the elevated PCR. ๐ญ Sectoral Outlook ๐ข Bank Nifty โ Buy on Dips ๐ข PSU Bank โ Buy on Dips ๐ข Metal โ Buy on Dips ๐ข Energy โ Buy on Dips ๐ข Pharma โ Buy on Dips ๐ข Auto โ Accumulate ๐ก Realty โ Stock Specific ๐ซ F&O Ban List $KAYNES โ ๏ธ For informational purposes only. Not investment advice.

















