Daily Derivative Report - 22nd April 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices extended their gains for the third consecutive session, with the Nifty index settling above the 24,500 mark, up by 0.87%. On the derivatives front, OI data for the monthly expiry indicates fresh put writing at the 24,500 strike, reflecting improving market sentiment and strengthening support at lower levels. For the near term, index may continue its upward trajectory with a potential move towards the 24800 and then 25000 mark. However, on the upside these levels hold significant call writing, which could act as a key resistance zone and may trigger some consolidation near this crucial hurdle.
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