MOMENTUM MANTRA DAILY RUN-UP 📅 31 July 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 31 July 2026
🔔 Opening View
Indian markets are likely to open on a slightly positive note, with GIFT Nifty trading near 24,409, up 50.50 points (+0.21%). Positive global cues and sustained buying interest may support sentiment, while the 24,400–24,500 zone will remain the immediate resistance area to watch. 📈
📈 Market Recap
Indian equity benchmarks ended higher in a volatile session, supported by gains in Maruti Suzuki, Mahindra & Mahindra, and Reliance Industries. Strong FII inflows, a firmer rupee, and encouraging Q1FY27 earnings boosted sentiment, though gains remained capped amid ongoing West Asia geopolitical tensions.
📈 Nifty Key Levels
▪️ Support: 24,220 | 24,130
▪️ Resistance: 24,370 | 24,460
💰 FII/DII Flow
▪️ FII: +₹3,623.51 cr.
▪️ DII: -₹1,864.03 cr.
📊 Options Positioning
▪️ PCR: 1.26 (Bullish) – Higher Put OI than Call OI reflects strong Put writing and a positive near-term market bias.
▪️ Resistance: 24,500–24,700 zone, with significant Call OI concentration at 24,600, 24,500, and 24,700.
▪️ Support: 24,250–24,200 zone, backed by strong Put OI buildup, with the highest Put OI at 24,250, followed by 24,200 and 24,300.
▪️ Max Pain: 24,250 – Indicates *24,250* as the equilibrium level for the current weekly expiry.
▪️ Interpretation: PCR at 1.26 reflects a *strong bullish undertone, with Put writers maintaining firm control around *24,250. As long as Nifty holds above 24,250, the positive bias is likely to remain intact. A sustained move above 24,400 could trigger fresh buying toward 24,520 and higher, while a break below 24,250 may lead to profit booking toward 24,200–24,100.
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