Daily Derivative Report - 20th July, 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed a positive momentum on Friday, where the benchmark Nifty50 index opened on the positive note and extended its rally towards the 24,350 mark before settling the day with gains of more than one percent. Broad-based buying in heavyweight Banking and IT counters kept the positive momentum intact throughout the last week. Every intraday dip attracted fresh buying, helped the index to end the week also on the firm note. On the derivatives front, fresh put writing at the 24,200 and 24,000 strikes indicates an immediate support base. On the upside, significant call OI at the 24,500 and 24,700 strikes is likely to act as an immediate resistance zone.
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