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Manish Salvi

30th Jul Β· SEBI-Registered Analyst

MOMENTUM MANTRA DAILY RUN-UP πŸ“… 30 July 2026

MOMENTUM MANTRA DAILY RUN-UP πŸ“… 30 July 2026 πŸ”” Opening View Indian markets are likely to open on a slightly negative note, with GIFT Nifty trading near 24,223, down 88.00 points (-0.36%). Mixed global cues and profit booking after the recent rally may keep sentiment cautious, while the 24,200–24,300 zone will remain an important support area to watch. πŸ“Š πŸ“ˆ Market Recap Indian equity benchmarks rebounded sharply, with the Nifty and Sensex gaining over 1%, led by strong buying in IT, TECK, and Metal stocks. Fresh FII inflows and robust gains in technology shares, despite higher crude oil prices, kept market sentiment positive throughout the session. πŸ“ˆ Nifty Key Levels β–ͺ️ Support: 24,130 | 24,040 β–ͺ️ Resistance: 24,300 | 24,120 πŸ’° FII/DII Flow β–ͺ️ FII: +β‚Ή2,981.87 crore β–ͺ️ DII: +β‚Ή998.02 crore πŸ“Š Options Positioning β–ͺ️ PCR: 1.19 (Bullish) – Higher Put OI than Call OI reflects strong Put writing and a positive near-term market bias. β–ͺ️ Resistance: 24,300–24,500 zone, with notable Call OI concentration at 24,300, 24,450, and 24,600. β–ͺ️ Support: 24,200–24,150 zone, backed by strong Put OI buildup, with the highest Put OI at 24,200, followed by 24,250 and 24,150. β–ͺ️ Max Pain: 24,200 – Indicates *24,200* as the equilibrium level for the current weekly expiry. β–ͺ️ Interpretation: PCR at 1.19 reflects a bullish undertone, with Put writers maintaining control around 24,200. As long as Nifty holds above 24,200, the positive bias is likely to remain intact. A sustained move above 24,300 could trigger fresh buying towards 24,450–24,500, while a break below 24,200 may lead to profit booking toward 24,150–24,100. 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 $SAIL $VINATIORGA ORGA $SYRMA $PRESTIGE $WHIRLPOOL ⚠️ For informational purposes only. Not investment advice.

#Pre-OpeningCommentary#TechnicalViews#TrendingSectors#StockInNews
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