Daily Derivative Report - 15th July, 2026 by Religare Broking Ltd
Market Outlook
On the weekly expiry day, The Nifty50 index witnessed sustained selling pressure throughout the session. After opening with a gapdown, every intraday recovery attracted fresh selling, dragging the index lower towards 24,000 zone and resulting in a decline of more than half a percent by the close. On the derivatives front, data for the next weekly expiry indicates fresh call writing at the 24,200 and 24,300 strikes, suggesting an immediate resistance zone. On the downside, significant put OI aligned with the 24,000 strike suggests near-term support. Overall, the broader market structure continues to maintain a sideways-to-positive bias as long as the index sustains above the key moving averages of 20-DEMA and 50-DEMA levels.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
