Daily Derivative Report - 10th April 2026 by Religare Broking Ltd
Market Outlook
The Nifty index declined by nearly 1% after facing selling pressure around the 24,000 mark, indicating an immediate resistance zone. From a technical perspective, the 50-DEMA is positioned near 24,200, and sustained trading below this level may trigger further downside pressure towards the 23,500 mark. On the derivatives front, fresh call writing at the 23,900 and 24,000 strikes highlights a significant overhead resistance zone. For the index to resume its recovery phase, a decisive breakout above this zone is essential, which could then pave the way for a gradual move towards the 24500 and then 25,000 mark.
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