Daily Derivative Report - 23rd April 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices traded on a negative note, weighed down by weak global cues and a sharp correction in IT counter. The Nifty index settled at the 24378 with the losses of 0.81%. Despite this decline, the broader bullish undertone remains intact as long as the Nifty index sustains above the key support zone of 24,200-24,000, which is expected to act as a strong cushion on the downside. On the derivatives front, fresh call writing at the 24,500- 24,600 strikes highlights an immediate resistance zone. A decisive breakout and sustained move above this range will be crucial for the index to regain momentum and resume its uptrend.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
