Daily Derivative Report - 10th July, 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed a breather session following the sharp sell-off seen in the previous trading day. The benchmark Nifty50 opened on the positive note and advanced towards the 24,100-24,150 zones during the early session. However, the index faced rejection and eventually settled with modest gains of 0.34%. From a technical perspective, the 100-DEMA once again acted as an immediate upside hurdle. As long as the Nifty sustains below this level, the possibility of fresh downside pressure remains intact. On the derivatives front, significant Put OI remains aligned with the 23,600 and 23,500 strikes, providing a firm downside cushion, while substantial Call OI at the 24,200 and 24,300 strikes is likely to cap the upside.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
