Daily Derivative Report - 02th Jun 2026 by Religare Broking Ltd
Market Outlook
The Nifty50 index staged a continued selling pressure throughout the day, as every rise trigger a fresh sell resulted the index to settle on the negative note. On the derivatives front, fresh call writing witnessed at the 23,500 and 23,600 strikes, highlighting an immediate resistance zone. On the downside, major put OI placed at the 23,200 and 23,000 strikes, suggesting an immediate support zone. Overall, the Indian market continues to reflect a cautious undertone and unless the index manages to hold above the 23600 zone, the prevailing trend is likely to remain bearish in the near term.

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