Daily Derivative Report - 01st April 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices extended their losses on the monthly expiry, opening with a gap down amid a further rise in crude oil prices, which intensified market uncertainty and dampen the investor sentiment. The benchmark index Nifty witnessed a sharp decline of over 12% during the March series and continues to drift lower and the 22,000 level likely to be retested in the near term. On the derivatives front, the April series OI data indicates fresh call writing at the 22,500 strike, indicating an immediate hurdle. Meanwhile, next major put OI is placed at the 22,000 strike, suggesting it may act as a crucial support zone in the near term.
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Daily Technical Report 01st April 2026 by Axis Securities Ltd
