Daily Derivative Report - 19th June 2026 by Religare Broking Ltd
Market Outlook
The Indian market continued its positive momentum, with the Nifty 50 index registering gains for the fifth straight session and settled at 24,168, backed by strength in key banking counters. From a derivatives perspective, major put writing accumulates at the 24,000 strike, indicating immediate downside support. As long as the index sustains above this level, the positive bias is likely to remain intact for the near term. On the upside, fresh call writing was seen at the 24,200 strike, making it an immediate resistance zone. A decisive breakout above this level could trigger call unwinding along with fresh put writing, which may provide further strength to the ongoing uptrend and help the index advance towards the 24,500 mark
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