Daily Derivative Report - 21st September 2026 by Religare Broking Ltd
Market Outlook
The key benchmark Nifty50 index extended its decline for the sixth consecutive week; however, the fall remained marginal as the index showed resilience near the crucial 23,000-23,100 zone and witnessed a relief bounce from these levels. On the derivatives front, significant put writing was observed at the 23,000 and 23,200 strikes, indicating an immediate base formation. On the upside, notable call writing remains aligned at the 23,500 and 23,600 strikes, highlighting an immediate overhead resistance area. Overall, a sell-on-rally bias remains intact as long as Nifty sustains below this resistance zone.

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