2026-10-07 09:32:09 am | Source: Religare Broking Ltd
Daily Derivative Report - 07th October 2026 by Religare Broking Ltd
Market Outlook
The key benchmark Nifty50 witnessed a positive trading session yesterday, gradually inching higher towards the 22,750-22,800 zone and settling the day with gains of nearly 1%. On the derivatives front, the upcoming weekly OI data witnessed fresh Put writing at the 22,500 and 22,600 strikes, indicating an immediate base formation. On the upside, significant Call OI remains aligned with the 23,000 strike, suggesting a crucial resistance zone that could cap the ongoing recovery. Overall, the market bias remains cautiously positive, as profit-taking may emerge at higher levels.
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