Daily Derivative Report - 06th October 2026 by Religare Broking Ltd
Market Outlook
The Indian market started the week on a positive note, with the benchmark Nifty50 snapping its recent losing streak and witnessing a recovery from the key support zone. The index gained 0.60% during the previous trading session and managed to close above the 22,500 level. From a technical perspective, the 200-WEMA zone continues to act as a crucial support, with the 22,350 zone likely to remain an important downside cushion. A decisive close below this level could trigger a significant weakness in the Indian market. From the derivatives perspective, fresh Put writing was witnessed at the 22,400 strike, indicating immediate downside support.
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