Daily Derivative Report - 22 July, 2026 by Religare Broking Ltd
Market Outlook
On the weekly expiry day, the key benchmark indices traded on a volatile note. The Nifty50 index faced overhead resistance near the 24,250 mark during the first half of the session. Although the index witnessed a recovery in the latter half, however the rebound remained insufficient to erase the day's losses, and it eventually settled with marginal fall of 0.21%. On the derivatives front, the monthly series data indicates fresh Call writing as well as Put writing at the 24,200 strike, highlighting it as a key contention zone for the near term. Overall, the range-bound trading setup remains intact for the coming sessions, unless a decisive breakout or breakdown occurs on either side.
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