MOMENTUM MANTRA DAILY RUN-UP 📅 22 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 22 July 2026 🔔 Opening View Indian markets are likely to open on a negative note, with GIFT Nifty trading near 24,094, down 86.60 points (-0.36%). Weak global cues and persistent geopolitical concerns may keep sentiment cautious in early trade, while the 24,100–24,000 zone will remain a key support area to watch. 📉 📈 Market Recap Indian equity benchmarks ended lower, weighed down by persistent FII selling and escalating U.S.–Iran geopolitical tensions. Selling in index heavyweights such as HDFC Bank, Infosys, and Reliance Industries, along with weakness in the IT sector, kept the benchmarks under pressure throughout the session. 📈 Nifty Key Levels ▪️ Support: 24,130 | 24,070 ▪️ Resistance: 24,270 | 24,370 💰 FII/DII Flow ▪️ FII: +₹1,650.16 crore ▪️ DII: -₹656.88 crore 📊 Options Positioning ▪️ PCR: 0.91 (Neutral to Slightly Bearish) – Call OI is higher than Put OI, indicating resistance at higher levels and a cautious near-term bias. ▪️ Resistance: 24,300–24,500 zone, with the highest Call OI concentration around 24,500, followed by 24,300 and 24,600. ▪️ Support: 24,200–24,000 zone, supported by strong Put OI buildup, with the highest Put OI at 24,200 and 24,000. ▪️ Max Pain: 24,200 – Suggests Nifty may gravitate around this level ahead of expiry. ▪️ Interpretation: With PCR at 0.91, the market is exhibiting a neutral-to-slightly bearish undertone. Strong Put support is visible around 24,200–24,000, while heavy Call writing between 24,300–24,500 is likely to cap upside. A sustained move above 24,300 could trigger short covering towards 24,500, whereas a break below 24,200 may lead to further weakness toward 24,000. 🏭 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.