Daily Derivative Report - 16th July, 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed another volatile session within its ongoing consolidation phase. The benchmark Nifty50 index started on a positive note and advanced towards the 24,200 zone. However, it failed to sustain at higher levels, as profit booking emerged and dragged the index back towards the 24,000 level before settling the day with marginal gains. On the derivatives front, call writing intensified at the 24,200 strike, indicating an immediate resistance zone. On the downside, major put OI at the 24,000 strike continues to provide near-term support. Overall, the broader structure remains range bound for the near term.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
More News
Stock Insights : Alembic Pharmaceuticals Ltd, Dixon Technologies Ltd, JK Cements Ltd, Mahind...
