Daily Derivative Report - 11th August 2026 by Religare Broking Ltd
Market Outlook
The key benchmark index, Nifty50 started the week on a flattish note, extending its recent consolidation phase amid mixed global cues. From a technical perspective, sustained trading above the 24,500 zone continues to keep the broader bullish bias intact, where a “buy-on-dips” approach is likely to remain prudent. On the upside, the 24,700 zone emerged as an immediate challenge, restricting the index from sustaining higher levels and dragging it back toward 24,600, a key congestion zone over the past several weeks. On the derivatives front, significant put writing at the 24,500 strike indicates a firm downside base, while substantial call writing at 24,700–24,800 continues to stance an immediate resistance zone.
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