2026-10-09 09:10:13 am | Source: Religare Broking Ltd
Daily Derivative Report - 09th October 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed intense selling pressure yesterday, extending the prevailing corrective trend, where the Nifty50 index cut down by 1.64%. After a muted opening, sustained selling pressure remained evident through most of the session, dragging the index towards the day’s low near the 22,200 zone. On the derivatives front, fresh Call writing was observed at higher levels, particularly around the 22,400-22,500 strikes, indicating that earlier support levels have now turned into immediate resistance zones. On the downside, significant Put OI placed at the 22,000 strike highlights the next crucial support.
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