Daily Derivative Report - 11th March 2026 by Religare Broking Ltd

2026-03-11 09:17:30 am | Source: Religare Broking Ltd

Daily Derivative Report - 11th March 2026 by Religare Broking Ltd

News By Tags | #Sensex #MarketOutlook #Nifty #BankNifty #ReligareBrokingLtd

Market Outlook

The Nifty index witnessed a breather session, closing nearly 1% higher amid the cool-off in crude oil prices. On the daily chart, the long-term moving average of 50-WEMA, placed near the 25000 mark, indicate a crucial resistance level. Until the index decisively reclaims this level, the broader trend may remain negative with a sell-on-rise sentiment. On the derivatives front, fresh put writing was observed at the 24200 and 24000 strikes, indicating immediate support zone, while on the upside major call OI has positioned at the 24500 strike, suggesting this level could act as a near-term hurdle.

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Daily Derivative Report - 11th March 2026 by Religare Broking Ltd

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