MOMENTUM MANTRA DAILY RUN-UP 📅 24 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 24 July 2026 🔔 Opening View Indian markets are likely to open on a strongly negative note, with GIFT Nifty trading near 23,652, down 221.60 points (-0.93%). Weak global cues, sustained geopolitical tensions, and elevated crude oil prices are expected to keep sentiment under pressure, while the 23,700–23,600 zone will remain a key support area to watch. 📉 📈 Market Recap Nifty ended lower for the fourth consecutive session, after opening with a gap-down and facing resistance near the 24,000 mark. Profit booking dragged the index toward 23,800, though late buying helped trim losses before the index closed 0.53% lower. 📊 📈 Nifty Key Levels ▪️ Support: 23,620 | 23,520 ▪️ Resistance: 23,920 | 24,000 💰 FII/DII Flow ▪️ FII: -₹2,999.23 crore ▪️ DII: +₹2,947.14 crore 📊 Options Positioning ▪️ PCR: 0.68 (Bearish) – The low PCR indicates aggressive Call writing and weak Put support, reflecting a cautious to bearish near-term outlook. ▪️ Resistance: 24,000–24,200 zone, with the highest Call OI at 24,000 and 24,200. ▪️ Support: 23,800–23,500 zone, backed by strong Put OI concentration, with the strongest support at 23,800 and 23,500. ▪️ Interpretation: PCR at 0.68 reflects a strong bearish undertone, with Call writers firmly in control. Unless Nifty sustains above 24,000, upside is likely to remain limited. A break below 23,800 could accelerate selling toward 23,700–23,500. 🏭 Sectoral Outlook 🟢 Bank Nifty – Buy on Dips 🟢 PSU Bank – Buy on Dips 🟢 Metal – Buy on Dips 🟢 Energy – Buy on Dips 🟢 Pharma – Buy on Dips 🟢 Auto – Accumulate 🟡 Realty – Stock Specific 🚫 STOCKS IN NEWS $CONTROLPR $COFORGE $MKPL $IMFA $PARASPETRO ⚠️ For informational purposes only. Not investment advice.