Daily Derivative Report - 25th May 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices continued to remain in a consolidation phase during the previous week, with the Nifty50 index facing resistance near the 23,800 zone, while buying interest emerged around the 23,400-23,500 support area. Technically, the index is still trading below its key 20-DEMA and 50-DEMA, aligned with the 23800 and 24,000 mark, indicating that the cautious undertone remains intact. On the derivatives front, significant call writing at the 23,800 and 24,000 strikes highlights strong overhead resistance, whereas notable put OI at the 23,500 strike is providing downside support and triggers recovery on declines. Overall, a decisive breakout beyond this broader range is essential to determine the next directional move in the market.
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