Daily Derivative Report - 17th July 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed a range-bound trading session yesterday, with the benchmark Nifty 50 opening on a positive note but faced resistance near the 24,200 mark. Profit booking at higher levels restricted further gains, leading the index to end the session on a largely flattish note. On the derivatives front, fresh Call writing continued to accumulate at the 24,200 strike, reinforcing it as an immediate resistance level. On the downside, significant Put writing at the 24,000 and 23,900 strikes indicates immediate downside cushion, a well-defined trading range over the past few days.

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