Daily Derivative Report - 09th March 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices extended their corrective tone, with the Nifty index registering a weekly decline of more than three percent. From a technical perspective, the Nifty index witnessed strong rejection near the 25,000 mark, which has aligned with the long-term moving average of the 50-WEMA, making it a strong resistance level for the near term. On the derivatives front, fresh call writing was observed at the 24,600 and 24,700 strikes, indicating an immediate resistance zone. Sustained trading below this range could keep the pressure intact and may lead the index to retest the critical support level of 24,000 in the coming sessions.
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