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2026-06-17 09:23:52 am | Source: Religare Broking Ltd
Daily Derivative Report - 17th June 2026 by Religare Broking Ltd
Daily Derivative Report - 17th June 2026 by Religare Broking Ltd

Market Outlook

The Indian benchmark index, Nifty50, extended its positive momentum for the third consecutive session, gaining nearly half a percent and closing near the 24,000 mark. From a technical perspective, the immediate resistance remains positioned in the 24,150-24,200 zone, which coincides with the 100-DEMA. A sustained breakout above this hurdle will be essential for the index to maintain its bullish trajectory. On the derivatives front, the OI data for the upcoming weekly expiry indicates significant writing activity at the 24,000 strike on both the call and put sides, suggesting a key contention zone.

 

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