Manish Salvi
3 Aug • 9:59 AM · SEBI-Registered Analyst
MOMENTUM MANTRA DAILY RUN-UP 📅 03 August 2026
MOMENTUM MANTRA DAILY RUN-UP
Opening View
Indian markets are likely to open on a *strongly positive note, with **GIFT Nifty trading near 24,629, up 175.90 points (+0.72%). Strong global cues, robust U.S. technology-led gains, and sustained FII buying are likely to support sentiment.
Market Recap
Indian equity benchmarks ended higher, supported by gains in Auto, Capital Goods, and Industrials stocks. Strong global market momentum, robust Q1FY27 earnings, and sustained FII inflows kept sentiment positive, while profit booking in IT stocks and ongoing Middle East geopolitical tensions capped the overall gains.
Nifty Key Levels
▪️ Support: 24,250 | 24,130
▪️ Resistance: 24,460 | 24,530
FII/DII Flow
▪️ FII: +₹277.48 crore
▪️ DII: +₹2,260.37 crore
Options Positioning
▪️ PCR: 1.39 (Strong Bullish) – Higher Put OI than Call OI indicates aggressive Put writing and a strong positive near-term bias.
▪️ Resistance: *24,500–24,700* zone, with the highest Call OI concentration at *24,600, followed by **24,700* and *24,500*.
▪️ Support: *24,400–24,300* zone, backed by strong Put OI buildup, with the highest Put OI at *24,400, followed by **24,300* and *24,350*.
▪️ Max Pain: *24,350* – Indicates *24,350* as the equilibrium level for the current weekly expiry.
▪️ Interpretation: PCR at 1.39 reflects a *strong bullish undertone, with Put writers firmly defending the **24,350–24,400* zone. As long as Nifty sustains above *24,350, the positive bias is likely to continue. A decisive move above **24,500* could trigger fresh buying toward *24,600–24,700, while a break below **24,350* 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
