Daily Derivative Report - 20th August 2026 by Religare Broking Ltd
Market Outlook
The Indian market continued its cautious undertone for the seventh consecutive session, where the Nifty50 index witnessed sustained selling pressure and settled the day with a decline of 0.32%. However, the benchmark index showed resilience near the crucial 24,000 mark. As long as the index sustains above this level, some recovery attempts may emerge towards the 24,300-24,350 zone in the near term. Any decisive break below 24,000 could extend the decline towards the 23,900–23,800 zone in the upcoming sessions. From the derivatives perspective, significant Put writing remained concentrated at the 24,000 strike, providing an immediate downside cushion, while fresh Call writing was witnessed at the 24,200-24,300 strikes, which may cap the upside.
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