MOMENTUM MANTRA DAILY RUN-UP 📅 28 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 28 July 2026 🔔 Opening View Indian markets are likely to open on a slightly negative note, with GIFT Nifty trading near 23,982, down 46.50 points (-0.19%). Mixed global cues and cautious sentiment ahead of key earnings and the Fed policy meeting may keep early trade range-bound, while the 24,000–24,100 zone will remain an important resistance area to watch. 📊 📈 Market Recap Indian equity benchmarks rebounded sharply after five consecutive sessions of losses, supported by lower crude oil prices, a stronger rupee, and renewed foreign buying. Gains in IT stocks, led by Infosys and TCS, helped the Nifty and Sensex end around 1% higher. 📈 Nifty Key Levels ▪️ Support: 23,920 | 23,830 ▪️ Resistance: 24,030 | 24,090 💰 FII/DII Flow ▪️ FII: -₹1,688.23 crore ▪️ DII: +₹2,329.14 crore 📊 Options Positioning ▪️ PCR: 0.89 (Bearish) – Higher Call OI than Put OI indicates a cautious to bearish near-term outlook. ▪️ Resistance: 24,000–24,200 zone, with the highest Call OI concentration 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 23,700. ▪️ Max Pain: 23,900 – Suggests Nifty may gravitate around this level ahead of expiry. ▪️ Interpretation: PCR at 0.89 reflects a cautious bearish undertone, with Call writers continuing to dominate above 24,000. As long as Nifty remains below 24,000, upside is likely to remain capped. A sustained move above 24,000 could trigger short covering toward 24,200, while a break below 23,800 may extend the decline toward 23,700–23,600. 🏭 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 $GUJENERGY $CUPID $SBICARD $IEX $LAURUSLABS ⚠️ For informational purposes only. Not investment advice.