2026-04-24 09:50:05 am | Source: Religare Broking Ltd
Daily Derivative Report - 24th April 2026 by Religare Broking Ltd
Market Outlook
The Nifty index opened with a gap-down and remained under pressure throughout the session. A brief recovery attempt was capped near the 24,300 mark, leading the index to close with a loss of 0.84%. On the derivatives front, fresh call writing was observed at the 24,200 and 24,300 strikes, indicating an immediate resistance zone. While on the downside, notable put OI has places at the 24000 strike and it likely to act as a near-term support zone. Overall, the market undertone has shifted from bullish to cautious and as long as the index trades below the 50-DEMA, the bias is likely to remain weak.
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