MOMENTUM MANTRA DAILY RUN-UP 📅 21 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 21 July 2026 🔔 Opening View Indian markets are likely to open on a negative note, with GIFT Nifty trading near 24,183, down around 77 points (-0.32%). Weak global cues and cautious sentiment ahead of key earnings are likely to keep early trade under pressure, while the 24,150–24,100 zone will remain an important support area to watch. 📉📊 📈 Market Recap Nifty ended lower as weak global cues, rising crude oil prices, and persistent foreign outflows weighed on sentiment. Profit booking in banking and IT stocks following quarterly earnings kept the market under pressure despite resilience in select sectors. 📊 📈 Nifty Key Levels ▪️ Support: 24,130 | 24,070 ▪️ Resistance: 24,300 | 24,370 💰 FII/DII Flow ▪️ FII: -₹1,121.04 crore ▪️ DII: +₹1,312.03 crore 📊 Options Positioning ▪️ PCR: 1.27 (Bullish) – Indicates stronger Put writing than Call writing, reflecting a positive near-term market bias. 📈 ▪️ Resistance: 24,300–24,500 zone, with significant Call OI concentration likely to cap the immediate upside. ▪️ Support: 24,200–24,100 zone, backed by strong Put OI concentration, providing immediate downside support. ▪️ Max Pain: 24,200 – Suggests Nifty may gravitate around this level ahead of expiry. 📊 ▪️ Interpretation: PCR at 1.27 reflects a healthy bullish undertone with Put writers maintaining control. As long as Nifty holds above the 24,200–24,100 support zone, the positive bias is likely to remain intact. A sustained move above 24,300–24,500 could trigger fresh short covering and extend the upmove, while 24,200 is expected to act as the equilibrium zone into expiry. 🏭 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 $KAYNES ⚠️ For informational purposes only. Not investment advice.