Daily Derivative Report - 23rd September 2026 by Religare Broking Ltd
Market Outlook
After four consecutive sessions of gains, the Indian market experienced profit-taking as the benchmark Nifty 50 index faced rejection near the 23,500 zone. Selling pressure dragged the index lower toward the 23,300 zone, closing lower by 0.36%. From a technical standpoint, sustained trading below the 20-DEMA zone maintains a negative bias, and a decisive break below the key support band of 23,000-23,100 could intensify the selling momentum toward the 22,500-22,700 levels in upcoming sessions. Derivatives data for the September series shows notable Call writing at the 23,400, 23,500 strike prices, endorsing an immediate overhead resistance zone.
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