Daily Derivative Report - 19th October 2026 by Religare Broking Ltd
Market Outlook
During the last week, the Indian market witnessed a robust recovery, with the benchmark Nifty50 index reclaimed the 23,000 mark and settled with the weekly gain of 2.78%. From a technical perspective, the next key hurdle is placed around the 50-DEMA zone near the 23,300 mark. A sustained move above this level could strengthen the bullish sentiment and pave the way for further upside towards the 23,500-23,600 zones. On the derivatives front, call unwinding coupled with fresh put writing at the 23,000 strike indicates an immediate base formation. However, major call OI buildup at the 23,500 strike suggests a potential resistance area.
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