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QUANT SECTION: 24th JULY 2026
Nifty has opened with a gap-down below the crucial 23,800 support zone, shifting the immediate support to 23,600.
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Nifty has opened with a gap-down below the crucial 23,800 support zone, shifting the immediate support to 23,600.
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The derivatives data indicates fresh short build-up
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Ambuja Cements (441): The stock has been consolidating and building a base over the last four months
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Market breadth remains stable despite the recent consolidation
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The sustainability of the current momentum will depend on follow-through buying and the market's ability to absorb these global macro headwinds.
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41 stocks saw an increase in OI and price, suggesting a build-up of long positions
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Nifty has remained range-bound over the last five trading sessions
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Mylan exited its entire 5.64% stake (9.19 crore shares) via a ₹3,679 crore block deal at ₹400/share.
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Global markets turned cautious as Brent crude jumped nearly 10% to trade above $83/bbl.
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Fedfina is showing signs of renewed strength with improving volumes
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Sector View: Realty and Pharma continue to show the strongest relative strength.
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Nifty has formed a downside gap at 24,300–24,350, making it the strong resistance zone.