Daily Derivative Report - 24th August 2026 by Religare Broking Ltd
Market Outlook
In the Indian market, selling pressure remained intact during the last week, which dragged the key benchmark Nifty50 index towards the 24,000 zone. However, the index managed to hold above this crucial level and remained above the 100-DEMA zone, before settling the week with a decline of nearly half a percent at 24,252. The banking sector outperformed the broader market and ended the week with gains of 0.47%. On the derivative front, fresh Put writing was observed at the 24,000 strike, indicating an immediate downside cushion. While on the upside, major Call writing remain aligned with the 24,400 and 24,500 strikes, suggesting a strong overhead resistance zone that could cap the ongoing recovery.
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