Manish Salvi
27 Jul • 9:20 AM · SEBI-Registered Analyst
Momentum Mantra DAILY RUN-UP 📅 27 July 2026
Momentum Mantra DAILY RUN-UP
📅 27 July 2026
🔔 Opening View
Indian markets are likely to open on a positive note, with GIFT Nifty trading near 23,946, up 139.00 points (+0.58%). Positive global cues and value buying after recent declines may support sentiment, while the 23,900–24,000 zone will remain a key resistance area to watch. 📈
📈 Market Recap
Nifty ended lower for the fifth consecutive session. After a gap-down opening, the index slipped below the 23,650 mark before strong buying interest around 23,600 triggered a sharp recovery. However, Nifty traded in a narrow range thereafter and eventually closed 0.43% lower. 📊
📈 Nifty Key Levels
▪️ Support: 23,920 | 23,830
▪️ Resistance: 24,080 | 24,140
💰 FII/DII Flow
▪️ FII: -₹3,892.77 crore
▪️ DII: +₹5,453.55 crore
📊 Options Positioning
▪️ PCR: 0.83 (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 23,500.
▪️ Max Pain: 23,900 – Suggests Nifty may gravitate around this level ahead of expiry.
▪️ Interpretation: PCR at 0.83 reflects a bearish undertone, with Call writers maintaining control 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 towards 24,200, while a break below 23,800 may extend the decline toward 23,600–23,500.
🏭 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
