Daily Derivative Report - 05th October 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed intense selling pressure during the last week, dragging the benchmark index Nifty50 lower towards the 22,200 zone before a late recovery attempt that pared some losses. Yet, the index settled the week with a decline of over 3%. On the technical front, Nifty50 managed to hold its prolonged 200-WEMA, placed around the 22,400 zone; however, the broader bias remains negative until the index decisively reclaims the 22,800-23,000 resistance band. On the derivatives front, aggressive Call writing at the 22,500 and 22,600 strikes has shifted these levels into immediate resistance zones, while significant Put OI at 22,000 highlights the next crucial support.
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