Daily Derivative Report - 18th March 2026 by Religare Broking Ltd
Market Outlook
The Nifty index extended its gains, closing above the immediate resistance level of 23500, with a potential base formation around the 23000 zone. Derivatives data for the upcoming weekly expiry shows significant put writing at the 23000 strike, along with fresh additions at the 23500 strike, reflecting a pause in the prevailing negative sentiment and signs of near-term stability. However, substantial call OI at the 24000 strike continues to act as a strong overhead resistance, which may cap the further upside.


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