Daily Derivative Report - 27th April 2026 by Religare Broking Ltd
Market Outlook
The Nifty index extended its losses for the third consecutive session, weighed down by rising crude oil prices, and settled the week with fall of nearly 2%. From a technical perspective, the index has slipped below the crucial 24000-23900 support zone, indicating a shift in market sentiment from bullish to cautious undertone. On the derivatives front, fresh call writing at the 24,000 strike, along with put unwinding, suggests that this level may now act as immediate resistance in the near term. Going ahead, the 23500-23600 zone is likely to provide a downside cushion, where the index may witness some consolidation before the next directional move.
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