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2026-03-06 10:25:59 am | Source: Religare Broking Ltd
Daily Derivative Report - 06th March 2026 by Religare Broking Ltd
Daily Derivative Report - 06th March 2026 by Religare Broking Ltd

Market Outlook

Nifty started the session on the positive note and traded within the narrow range during the first half. However, a decisive breakout in the second half triggered a recovery towards the 24,850 level before settling the day at 24,765, with gains of more than one percent. On the derivatives front, fresh put writing was observed at the 24,500 and 24,600 strikes, which had witnessed call writing in the previous session, indicating this zone as a tug-of-war area between bulls and bears. Sustaining above this zone signals an improvement in market sentiment and pave the way towards the 25,000 mark, which remains a significant resistance due to the major Call OI buildup.

 

 

 

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