MOMENTUM MANTRA DAILY RUN-UP 📅 24 August 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 24 August 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty indicating an opening around 24,357, compared with Friday’s close of 24,252. The positive gap-up setup comes amid improved global cues, although elevated crude oil prices and ongoing geopolitical tensions may keep gains in check.
📈 Market Recap
Indian equity benchmarks ended largely flat on Friday, as cautious sentiment persisted despite some recovery in risk appetite. Gains remained capped by elevated crude oil prices, rising global bond yields and continued West Asia tensions, while renewed foreign inflows into Indian financial stocks provided some support.
📈 Nifty Key Levels
▪️ Support: 24,185 | 24,135
▪️ Resistance: 24,285 | 24,362
💰 FII/DII Flow
▪️ FII: -₹542.71 crore
▪️ DII: +₹2,124.14 crore
📊 Options Positioning
▪️ PCR: 1.11 (Positive) – Put OI is higher than Call OI, indicating a supportive near-term setup.
▪️ Resistance: 24,500–24,600 zone, with the highest Call OI at 24,500, followed by 24,600.
▪️ Support: 24,000–24,200 zone, with strong Put OI concentration at 24,000 and 24,200.
▪️ Max Pain: 24,300
▪️ Interpretation: PCR at 1.11 indicates a positive options structure. Nifty may maintain a positive bias while holding above 24,200. A sustained move above 24,500 may support a move towards 24,600–24,700, while a break below 24,200 may increase weakness towards 24,000.
Source: NSE India
🏭 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