Daily Derivative Report - 20th March 2026 by Religare Broking Ltd
Market Outlook
After three consecutive sessions of gains, the Nifty index witnessed a sharp decline of over 3% amid escalating geopolitical tensions. The index closed near the crucial support zone of 22,900–23,000; a sustained breakdown below this range could intensify the corrective tone towards 22500 zone in the near term. On the derivatives front, fresh call writing at the 23300 and 23500 strikes indicates immediate resistance. On the downside, 23000 holds significant put writing; however, a breach below this level may trigger put unwinding, leading to increased selling pressure and dragging the index towards the 22800-22700 zone.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
Tag News
Daily Technical Report 20th March 2026 by Axis Securities Ltd
