Daily Derivative Report - 18th August 2026 by Religare Broking Ltd
Market Outlook
The key benchmark Nifty50 index started the week on a negative note, breaching below its long-term 200-DEMA and witnessed sustained selling pressure, which dragged the index lower towards the immediate support zone of 24,200. From a technical perspective, the 100-DEMA, which is aligned with the 24,200 zone, remains a crucial support level. A decisive breach below this zone could further strengthen the bearish momentum and drag the index towards the 24,000–23,900 zone in the near term. On the derivative front, monthly expiry OI data indicates fresh call writing at higher levels, particularly at the 24,400 and 24,500 strikes, suggesting immediate upside hurdles. On the downside, significant Put OI remains concentrated at the 24,000 strike, indicating a key support area.
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