Daily Derivative Report - 15th April 2026 by Religare Broking Ltd
Market Outlook
The Nifty index starts the session with the significant gap-down, amid the ongoing geopolitical uncertainty. However, buying interest emerged near the 23,500-23,600 zones, leading to a recovery from intraday lows. Despite this rebound, the index settled with a loss of 0.86% at 23,842, indicating cautious stance. On the derivatives front, fresh put writing was observed at the 23,500 strike, indicating an immediate support base at lower levels. On the upside, significant call OI has placed at the 24,000 and 24,500 strikes, suggesting an immediate and strong hurdle of the near term. Overall, the market outlooks remains sideways, where buy on dip approach remain prudent, as long as the index sustains above the immediate support zone.
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