Daily Derivative Report - 09th June 2026 by Religare Broking Ltd
Market Outlook
Amid the subdued global sentiment, Indian benchmark indices started the week on the negative note, with the Nifty 50 decline by one percent during intraday trade. On the technical front, the 23250 zone acted as the immediate resistance area, and on the downside, the 23,000-22,900 zone remains a crucial support area. From a derivatives perspective, fresh call writing was observed at the 23,200 and 23,300 strikes, indicating a overhead hurdle. Meanwhile, the 23,000 strike continues to hold significant put OI. However, a decisive breach below the 23,000 level may trigger put unwinding, intensifying the selling pressure and potentially dragging the index towards the 22,600-22,500 zone in the near term.
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