Daily Derivative Report - 17th April 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices extended their uptrend with a gap-up opening, however, the Nifty failed to sustain at higher levels as selling pressure emerged around the 24,400 mark which led to a decline towards the 24,100 mark, before settling the day at 24,196. On the derivatives front, fresh call writing was observed at higher levels, particularly at the 24,400 strike, while significant call OI has already positioned at the 24,500 strike, indicating an immediate resistance zone. From a technical perspective, the overall market sentiment remains sideways to bullish, as long as the Nifty index sustains above the crucial 24,000 support level.
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