MOMENTUM MANTRA DAILY RUN-UP
📅 09 September 2026
MOMENTUM MANTRA DAILY RUN-UP
📅 09 September 2026
🎯 Brent Nears $100 Amid Iran Tensions: Can Nifty Hold?
🔔 Opening View
Indian markets are likely to open on a negative note, with GIFT Nifty trading near 23,665.00, down 84.60 points (-0.36%) from the previous close. Escalating US–Iran tensions, attacks around the Strait of Hormuz and rising crude oil prices are keeping global risk sentiment under pressure.
📉 Market Recap
Nifty opened with a 36-point gap-down at 23,743, tracking weak global cues amid a sharp rise in oil prices, with Brent crude nearing $100 per barrel. The index came under immediate pressure, falling below 23,700, while recovery attempts failed to sustain, and persistent selling pressure pushed Nifty below 23,650 after 1 PM, with the index touching the 23,625–23,630 zone around 1:45 PM.
📈 Nifty Key Levels
▪️ Support: 23,525 | 23,475
▪️ Resistance: 23,750 | 23,850
💰 FII/DII Flow
▪️ FII: Net outflow of ₹123.19 crore
▪️ DII: Net inflow of ₹1,349.64 crore
📊 Options Positioning
▪️ The maximum Call OI is observed at 24,000, followed by 23,800, indicating potential resistance in the 23,800–24,000 zone.
▪️ The maximum Put OI is observed at 23,500, followed by 23,600, suggesting support in the 23,500–23,600 zone.
▪️ PCR: 0.72 | Max Pain: 23,650
▪️ Based on PCR and OI positioning, Nifty may remain range-bound between 23,600–24,000, with 23,800–24,000 as the higher-side range and 23,500–23,600 as the lower-side range.
Source: NSE India
🏭 Sectoral Outlook
🟢 Bank Nifty – Positive Bias
🟢 PSU Bank – Positive Bias
🟢 Pharma – Positive Bias
🟢 Metal – Constructive
🟢 Energy – Constructive
🟢 Auto – Positive Bias
🟢 Realty – Constructive
🚫 F&O Ban List
, KAYNES, LICHSGFIN, MANAPPURAM, SAIL
⚠️ For informational purposes only. Not investment advice.
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