Daily Derivative Report - 23rd March 2026 by Religare Broking Ltd
Market Outlook
With a positive start to the last week, the Nifty index inches higher but failed to reclaim the 24,000 mark, due to escalating geopolitical tensions and gave up all its gains and eventually settled with marginal losses, reflecting sustained weakness. On the derivatives front, fresh call writing was observed at the 23,300 and 23,400 strikes, indicating immediate resistance zones. Meanwhile, the volatility index continues to hover at elevated levels with the cautious undertone of the market. The 23,000 level remains crucial and a decisive break below this level could trigger a fresh downward move towards the 22,500 zone
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