Daily Derivative Report - 10th June 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed a positive trading session yesterday. Although the Nifty started the day on a firm note, it failed to hold at higher levels during the initial hours of trade. However, strong buying interest emerged later in the session, led by robust momentum in banking counters, which helped the index recover and close with gains of nearly 0.5%. On the derivatives front, OI data of the next weekly expiry indicates fresh put writing at the 23,000 strike, suggesting an immediate downside cushion. Meanwhile, fresh call writing was observed at the 23,300 and 23,500 strikes, highlighting an immediate resistance levels. Overall, the market is expected to remain in a range, with a cautiously optimistic bias as long as the key levels remain intact on the both side.
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