Daily Derivative Report - 16th June 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed a positive traction on Monday, opening with a gap-up amid improved investor sentiment following the US Iran deal. However, profit booking emerged near the 24,000 mark during the latter half, which dragged the Nifty 50 index towards the 23,800 level before settling the day at 23850, with the gains of nearly one percent. From the derivatives perspective, fresh call writing was observed at the 24,000 strike, indicating an immediate resistance zone. Meanwhile, put writing witnessed at the 23,800 and 23,700 strikes, along with the call unwinding, suggesting that the underlying positive trend may remain intact
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Daily Technical Report 16th June 2026 by Axis Securities Ltd
