Daily Derivative Report - 05th March 2026 by Religare Broking Ltd
Market Outlook
The Nifty extended its decline, witnessing fall towards the 24,300 mark. However, selling pressure remained intact from the higher levels. On the daily chart 24,600 zone, which earlier a support now acting as an immediate resistance. From a derivatives perspective, fresh call writing at the 24,500 and 24,600 strikes highlights these levels as near-term hurdles. On the downside, notable put writing at the 24,300 and 24,400 strikes suggests an immediate support . Due to any global uncertainty , if Index breaks below 24,300 it accelerate the decline towards the 24,000 mark, which stands as a crucial support level.
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