Daily Derivative Report - 17th September 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed a breather session following the sharp selling pressure seen in the previous sessions. On the daily chart, the key benchmark Nifty50 index managed to hold above the crucial 23,100–23,000 support zone, supported by a cooling-off in crude oil prices. However, on the upside, the index failed to surpass the 23,300 level, where notable call writing was observed, while significant call writing at 23,500 indicates strong resistance at higher levels. On the derivatives front, notable put writing at the 23,000 strike suggests that this level may act as an immediate cushion in the near term.

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