MOMENTUM MANTRA DAILY RUN-UP 📅 29 July 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 29 July 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 24,218, up 119.20 points (+0.49%). Positive global cues and easing geopolitical concerns may support sentiment, while the 24,200–24,300 zone will be the immediate resistance area to watch. 📈
📈 Market Recap
Indian equity benchmarks traded in a narrow range and ended flat, as investors remained cautious ahead of key global central bank policy meetings. Persistent FII selling and weak Asian market cues kept sentiment subdued throughout the session.
📈 Nifty Key Levels
▪️ Support: 23,920 | 23,830
▪️ Resistance: 24,050 | 24,120
💰 FII/DII Flow
▪️ FII: +₹755.33 crore
▪️ DII: +₹1,664.16 crore
📊 Options Positioning
▪️ PCR: 0.98 (Neutral to Slightly Bullish) – Put and Call OI are nearly balanced, indicating a neutral bias with a slight positive undertone.
▪️ Resistance: 24,100–24,200 zone, with significant Call OI buildup at 24,100, 24,200, and 24,500.
▪️ Support: 24,000–23,800 zone, backed by strong Put OI concentration, with the highest Put OI at 24,000, followed by 23,500 and 23,700.
▪️ Max Pain: 23,900 – Indicates *23,900* as the equilibrium level for the current weekly expiry.
▪️ Interpretation: PCR at 0.98 reflects a neutral market structure with a slight bullish undertone. The 24,000 level remains the key pivot. A sustained move above 24,100 could trigger short covering towards 24,200–24,300, while a break below 24,000 may lead to profit booking towards 23,900–23,800.
Source: NSE India
🏭 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