Daily Derivative Report - 03rd June 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices witnessed a sharp recovery from intraday lows, with the Nifty50 reclaiming the crucial 23,500 mark by the close. Buying interest emerged at lower levels, helping the index recover a significant portion of early losses. On the derivatives front, data for the next weekly expiry indicates fresh put writing at the 23,300 strike, suggesting a near-term support base, while significant call OI remains concentrated at the 23,600 strike, acting as an immediate hurdle. Overall, the market continues to maintain a cautious undertone until the 23,600 level is decisively surpassed.

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