Daily Derivative Report - 13th August, 2025 by Religare Broking Ltd
Market Outlook
The Nifty 50 closed at 24,487, retreating from the resistance level of 24,700. A shooting star candlestick pattern emerged on the daily chart, which signals a potential sideways to negative trend. The India VIX remained subdued, reflecting muted volatility expectations. Derivatives data show substantial OI build-up at the 24,600 and 24,700 call strikes, reinforcing a strong resistance zone. However, the index is likely to maintain resilience near the descending trendline of the falling channel, aligns with the 24,300 support level




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