Daily Derivative Report - 19th August 2026 by Religare Broking Ltd
Market Outlook
The Indian market continued to witness sustained selling pressure, as the Nifty 50 index started the day on a negative note and exhibit the fresh breakdown below the 24,200 zone, which is aligned with the 100-DEMA and settled the day with a decline of half percent. From a technical perspective, the ongoing weakness may extend the downside towards the 23,900-24,000 zones in the coming sessions, where some breather could emerge as the rising trendline is also aligned with this support area. On the derivative front, significant put writing remains concentrated around the 24,000 strike, which may act as an immediate downside cushion. Meanwhile, fresh call writing has intensified at the 24,300-24,400 strikes, which could cap the upside recovery.
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