Daily Derivative Report - 02nd January 2025 by Religare Broking Ltd
Market Outlook
The Nifty 50 index witnessed a lacklustre, range-bound session, oscillate within the 100-points band. The index continues to face an upside hurdle near the 26,200 level, while the reversal witnessed from the 26,100 zone, multiple times. On the derivatives front, fresh call OI buildup at the 26,200 strike indicates immediate resistance, whereas significant put OI at the 26,000 strike provides near-term downside support. A decisive breakout from this narrow range is likely to determine the next directional move for the coming sessions.
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Tag News
Nifty immediate support is at 26050 then 25950 zones while resistance at 26250 then 26325 zo...
