MOMENTUM MANTRA DAILY RUN-UP 📅 23 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 23 July 2026 🔔 Opening View Indian markets are likely to open on a negative note, with GIFT Nifty trading near 23,868, down 120.90 points (-0.50%). Weak global cues, elevated crude oil prices, and persistent geopolitical tensions are likely to keep sentiment subdued, while the 23,900–23,800 zone will remain a key support area to watch. 📉 📈 Market Recap Indian equity benchmarks ended sharply lower, with the Nifty closing below the 24,000 mark after eight trading sessions. Weakness in IT, Realty, and Healthcare stocks, along with rising geopolitical tensions and higher crude oil prices, weighed on market sentiment. 📈 Nifty Key Levels ▪️ Support: 23,920 | 23,830 ▪️ Resistance: 24,080 | 24,140 💰 FII/DII Flow ▪️ FII: -₹819.20 crore ▪️ DII: -₹418.26 crore 📊 Options Positioning ▪️ PCR: 0.84 (Bearish) – Higher Call OI than Put OI indicates a cautious to bearish near-term outlook. ▪️ Resistance: 24,100–24,300 zone, with the highest Call OI concentration at 24,200, followed by 24,100 and 24,300. ▪️ Support: 24,000–23,900 zone, backed by strong Put OI buildup, with the highest Put OI at 24,000. ▪️ Max Pain: 24,100 – Suggests Nifty may gravitate around this level ahead of expiry. ▪️ Interpretation: PCR at 0.84 reflects a bearish undertone, with aggressive Call writing above 24,100 likely to cap any recovery. Immediate support lies at 24,000–23,900. A decisive move above 24,100 could trigger short covering, while a break below 24,000 may extend the decline toward 23,900–23,800. 🏭 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 ⚠️ Disclaimer: This report is for informational purposes only and should not be construed as investment advice.