Daily Derivative Report - 20th April 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices witnessed a range-bound yet positive session, with the Nifty 50 extending its gains for the fifth consecutive day, supported by favorable global cues. The index opened on a steady note and traded within a narrow band with a mild upward bias, eventually settling near the day’s high around the 24,350 mark. From a technical standpoint, the Nifty continues to inch higher, indicating a gradual continuation of the recovery phase, although momentum remains moderate. We maintain our constructive view, expecting the index to move towards the 24,600-24,800 zone, while immediate support is seen in the 23,900-24,100 range.
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