Daily Derivative Report - 09th February, 2026 by Religare Broking Ltd
Market Outlook
The Nifty index witnessed a highly volatile and eventful week, largely driven by reactions to the Union Budget. The index initially faced sharp selling pressure following the proposed hike in transaction taxes, resulting in a breakdown below the key support of 24,900 and retests the 24,500–24,600 zones. However, subsequent sessions saw a strong rebound of nearly 1000 points, supported by positive global cues. On the derivatives front, for the upcoming expiry, significant call writing was observed at the 25,800 and 26,000 strikes, indicating overhead resistance, while fresh put writing at the 25,600 and 25,500 levels suggests an immediate support
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
