2026-06-18 09:51:48 am | Source: Religare Broking Ltd
Daily Derivative Report - 18th June 2026 by Religare Broking Ltd
Market Outlook
The Indian market maintained its positive drive, as the benchmark Nifty 50 index settled above the 24,000 mark, yesterday. On the derivatives front, fresh call writing was witnessed at the 24,100 and 24,200 strikes, indicating an immediate overhead resistance zone. Meanwhile, put writing at the 24,000 strike suggests an immediate downside cushion. From a technical standpoint, the 100-DEMA remains a crucial hurdle for the Nifty 50 index. A decisive and sustained breakout above this level could reinforce the bullish sentiments and pave the way for a retest of the 24,500 mark
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