Daily Derivative Report - 02nd April 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices started the session with a strong gapup opening but failed to sustain at higher levels, as selling pressure emerged near the 22,900 mark. This led the index to drift lower towards the 22,600 zone, eventually settling the day with gains of around 1.5%. On the derivatives front, fresh call writing was observed at the 23,000 strike, indicating an immediate resistance level. Meanwhile, put writing at the 22,600 and 22,700 strikes suggests strong near-term support. A decisive breakout above the 23,000 mark could trigger a fresh uptrend towards the 23,500 level, where significant call OI is placed, making it a key upside hurdles.
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