Daily Derivative Report - 07th April 2026 by Religare Broking Ltd
Market Outlook
The Nifty index began the week on a positive note, gaining over one percent with settling near the 23,000 mark. From a technical standpoint, a decisive move above 23,000 could extend the uptrend towards 23,200, while the 23,500 level remains a critical resistance on the upside. On the derivatives front, fresh put writing was observed at the 22,500 strike for the upcoming weekly expiry, indicating an immediate support zone. Meanwhile, notable call writing at the 23,200 strike suggests an immediate overhead resistance, which may cap the further upside move.
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