2026-01-05 10:00:28 am | Source: Religare Broking Ltd
Daily Derivative Report - 05th January 2025 by Religare Broking Ltd
Market Outlook
The Nifty 50 ended the week at 26,328 after scaling a fresh all-time high of 26,340, maintaining its upward momentum. On the daily chart, the index continues to form higher highs, underscoring the strength of the prevailing uptrend, and posted a weekly gain of 1.1%. In the derivatives segment, fresh put writing at the 26,200 and 26,300 strikes, coupled with short covering in call options, indicates a positive near-term bias. However, major call OI buildup at the 26,500 level may act as an immediate resistance and could lead to some profit booking at higher levels.
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